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Lyft, the American taxi service, announced the purchase of the largest in the US bicycle rental operator Motivate. According to The Information, the amount of the contract can be about 250 million dollars. In 2017, Motivate accounted for 80% of all trips on rented bicycles in the US. The company operates bicycle rental chains in Washington, Columbus, Minneapolis, Portland, and Oregon. As reported by Lyft, bicycle rental and maintenance services will remain an independent business with the preservation of the brand Motivate. At the same time, Lyft will take on Motivate contracts, some of which are exclusive.
Lufthansa’s Chief Executive Officer Carsten Spohr announced on Sunday that the company would seek to avoid grounding and insolvency before a showdown between the airline’s biggest shareholder and the German government over the ...
Amazon.com Inc (AMZN.O) will suspend its shipping services in major U.S. cities on Wednesday. Amazon Shipping carries non-Amazon and Amazon marketplace packages. Amazon is suspending this particular service which was set up to compete with ...
Facebook postponed the launching of its dating service in Europe which was scheduled for the eve of Valentine’s Day after Irish data regulator official searched its offices. According to the regulating body, the conducted inspection ...
Facebook’s Libra has failed in its current form; Swiss president Facebook’s cryptocurrency project, the Libra has failed in its current form and would need revisions in order for it to be approved, according to Switzerland’s ...
“I’d like to make a deal, but it’s got to be the right deal.” This is what U.S. President Donald Trump said in light of the ongoing negotiations between his country and China to seal a trade deal and eventually end ...
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