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Without knowing the actual logistics, just speaking as a user. I see bike sharing being somewhat popular where I currently live (SF -- mostly JUMP bikes. Not sure about GoBike, the bright red jump branding is too "eye-grabbing" to ignore). I have no idea if it can be profitable or not, but as an end user it is a nice option to have!

Maybe lyft wants to use it to strengthen their brand perception. They have bikes too = they are environmental friendly! Also play the marketing illusion that they are everywhere, as essentially people will be moving around the city riding lyft branded bikes.



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