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RE: LeoThread 2024-12-07 01:33

in LeoFinancelast month

Part 4/9:

However, the business model behind these scooters was fundamentally flawed. Scooters were rolled out en masse without consideration for urban infrastructure, leading to a plethora of collisions and safety hazards. The notion that scooters would replace walking was questioned as cities faced an onslaught of scooters cluttering sidewalks and streets. Additionally, the econometric analysis revealed that the attractive pricing paradigm led to broken unit economics, where companies burned cash to subsidize rides instead of developing a sustainable business model.

Promising Beginnings Turned Disillusioning