Uber is a wildly unprofitable company with no conceivable path to profitability in any universe, under any circumstances, but the company's founders and early investors (having already taken massive write-downs on their investments) are hoping to get at least some of their money back through the time-honored "greater fool" methodology. Specifically, they're floating the company on the stock market and hoping that naive investors hoping to wring above-inflation gains out of their 401(k)s and avoid being made into dog-food in their old age (we're waaaaay past the era in which impoverished old people get to eat dog-food) take their shares off their hands. Read the rest
E-scooter sharing companies Scoot and Skip scooted and skipped their way to the head of the permit approval processing line in San Francisco, but the city flipped the bird at Bird and left Lime feeling sour. Word on the street is that San Francisco is peeved that Bird and Lime deployed their scooters without securing permits, and retaliated by denying their applications and while accepting Scoot and Skip's, which have headquarters based there.
Meanwhile, Santa Monica gave the green light to Bird, Lime, Lyft, and Uber's electric bike pilot programs.
Axios has more.
And they said the Segway would change the way we moved through cities! Video of pallet skating in Bratislava, Slovakia by Tomáš Moravec.