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A comment on The birth and death of a bike company: What happened to SpeedX. Parent comment

Re:The birth and death of a bike company: What happened to S... by breuleux on Wednesday June 19, 2019 @08:33PM (#20228730)
In Montreal, the figure ranges from 600,000 (May) to 900,000 trips (July) from a fleet of 7,500 (there are no bikes from mid-November to mid-April). They're everywhere.

Edit: I was still on the 2017 figures for some reason. 800,000 trips last May, 975,000 last August. (https://montreal.bixi.com/en/open-data)

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Re:The birth and death of a bike company: What happened to S... by Belphemur on Thursday June 20, 2019 @08:36AM (#20232211)
Even with those ridership number the company went bankrupt in 2014 and had to be bought by the city that made it non profit.

In other words, not really a profitable market.

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Re:The birth and death of a bike company: What happened to S... by alexanderdmitri on Friday June 21, 2019 @12:28AM (#20239882)
Companies targeting great markets fail all the time due to other factors. It not like all that needs to happen is someone point their finger at a good market and magically money starts piling up.
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