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I do think Citi Bike should be cheaper (and not run for Lyft’s profit), but some of the arguments here are suspect. For instance: > Another revenue source? The
by rafram 1y ago
I do think Citi Bike should be cheaper (and not run for Lyft’s profit), but some of the arguments here are suspect. For instance:
> Another revenue source? The bill itself. The savings from Mamdani’s free bus pilot led to a 30-40% increase in ridership on those routes. It stands to reason that similar price cuts on Citi Bike would also lead to ridership boosts. Unlike free buses, however, Citi Bike would still get fare revenue with a fare cap.
We’ll lose money on each ride, but we’ll make it up in volume?