Lyft warns that the future of its business depends heavily on bikes and scooters

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Lyft now owns bike share programs in some of the US largest cities, and hopes to expand it even further.

Among the filing's risk factors is a dire warning about how much the company is betting on bikes and scooters.

"If we are unable to efficiently grow and further develop our network of shared bikes and scooters, which may not grow as we expect or become profitable over time, and manage the related risks, our business, financial condition and results of operations could be adversely affected," the company said.

But outside those urban centers, bike-and-scooter adoption rates might not be as good, the company warned. "And even if they do, that we will be able to execute on our business strategy or that our related offerings will be successful in such markets."

 

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Yeah because if the Green Deal goes through that’s all that will be left for transportation. Won’t even be able to use horses because they fart.

World is turning its investment into sustainable environment. Hope all leaders adopts to it sooner.🙏🏻

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