From the latest issue of Ali Griswold's Oversharing, a newsletter about the sharing economy: scooters have an average lifetime of a month or less, and the startups are losing money on every scooter they buy. Griswold used publicly available data sets from Louisville, KY to calculate how long scooters last before they stop generating revenue.
At the rates calculated above, that company only recoups $65 to $75 on the cost of each scooter—in other words, it loses $295 to $285 per scooter. That doesn’t even include the $50 annual fee per dockless vehicle, the $3,000 in combined licensing fees, or the $100 fee for each designated parking area. Plug in the $551 sticker price for a scooter, and the losses are even greater.
Bottom line: If the new Consumer Reports study is accurate, far more people have been killed or seriously hurt by electric scooters from Bird, Lime, and other dockless scooter-share companies than anyone realized.
Gather round, young and old — and hear tales of bygone days. Back in olden times, citizens would mass at a house of coffee, wherein skilled java alchemists would concoct special blends and apply artisanal wizardry to make each steaming chalice an appointment for the taste buds. Granted, said wizards, once known as baristas, were […]
The last few weeks have given us all a lot to think about. As we watched stores close, Costco lines snake through parking lots and items like hand sanitizer and toilet paper disappear everywhere like they were Lady Gaga tickets, there’s one significant takeaway it’s safe to say we all can agree on. We should […]
Whether it was Bach or Chopin, Ray Charles or Jerry Lee Lewis, Stevie Wonder, Elton John, Alicia Keys or Norah Jones, there was someone whose mastery on the piano made you think, wow, I wish I knew how to do that. It’s a singular, almost timeless skill — and if you love music, there’s no […]