Re:Lime shuts in 12 markets, lays off around 100
by thanatropism on Thursday January 09, 2020 @02:32PM
(#22004652)
I rode Lime-branded scooters in my "global South" town for a couple of weeks. It was a really expensive proposition and I was basically paying for the thrill. But the city (probably wisely) banned them from sidewalks -- when the whole point was to replace walking, not renting a highly vulnerable motorcycle substitute to ride with the cars in the street.
To answer your question: high prices/margins.