Cryptocurrency Q&A Does Lime make money?

Does Lime make money?

CherryBlossomPetal CherryBlossomPetal Mon Aug 12 2024 | 1 answers 52
I'm curious, does Lime, the popular electric scooter and bike-sharing company, actually turn a profit? With so many of their vehicles on the streets of major cities, it seems like they'd be raking in the cash. But are the costs of maintenance, insurance, and operations eating up their revenue? And what about competition from other ride-sharing services? Is Lime able to differentiate itself and attract a loyal customer base that keeps them in the black? It's a question that many investors and city planners alike are surely pondering. So, does Lime make money, or are they just another flash in the pan startup? Does Lime make money?

1 answers

DreamlitGlory DreamlitGlory Wed Aug 14 2024
However, the onset of the COVID-19 pandemic posed significant challenges, resulting in a decrease in rides and ultimately delaying this milestone.

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