Strome Business Minute With Dr. Jeff Tanner

Some folks love the electric scooters, others despise them, but the business model isn’t working for everyone. Lyft and Uber have both found themselves unable to make money in some markets. Both companies left the Atlanta market, and Lyft also exited Dallas, San Antonio, and three other cities. Uber’s Jump left San Diego because of problems with the city but they left Atlanta back in September due to low revenue. Eight companies have tried Atlanta so far but they’re now down to six. If you don’t like the scooters left lying around, imagine that times eight. Whether you are a fan or not, as has been the case with a lot of new technologies, the market is getting saturated but it will settle out.