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$2.4B Scooter rental company Lime will lose $300M on $400M of revenue this year
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Date: October 22nd, 2019 7:20 AM Author: Angry Puppy https://www.theinformation.com/articles/limes-loss-to-top-300-million-in-2019 Lime scooters in Munich, Germany. Photo: AP Scooter rental operator Lime has touted itself as one of the fastest-growing startups ever, blanketing cities such as Berlin, Paris and Los Angeles with thousands of two-wheeled electric vehicles. But the firm is losing money nearly as quickly as it expands in part because the company’s vehicles tend to break down before they can generate much cash.
Lime’s operating loss is likely to surpass $300 million this year, on more than $420 million of gross revenue, according to financial projections viewed by The Information. This is the first detailed picture to emerge of Lime’s financial performance, but details of the previous year’s results couldn’t be learned.
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Date: October 22nd, 2019 7:21 AM Author: boyish resort persian I hate these neoliberal bikes and scooters cluttering up America's cities
So happy to see these dipshits losing money |
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Date: October 22nd, 2019 7:22 AM Author: racy ivory national because of the ponzi scheme economy it doesnt even matter though. the founders will get paid, early stage investors will get their multiple, some dumbasses will get left holding the bag but who cares. the people who perpetrated this fraud and the hundreds of startup frauds just like it will come away with a 'great entrepreneurial story' and bags of money. (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011213) |
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Date: October 22nd, 2019 7:28 AM Author: concupiscible weed whacker people who are hurt ITH A RITHK PREMIUM (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011229) |
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Date: October 22nd, 2019 9:03 AM Author: Twinkling out-of-control cuckoldry international law enforcement agency Does VTI include these fraud stocks? (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011367) |
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Date: October 22nd, 2019 9:54 AM Author: racy ivory national not unless they are public (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011509) |
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Date: October 22nd, 2019 11:40 AM Author: Geriatric kitty cat how will the founders get paid if the company goes belly up? (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011861) |
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Date: October 22nd, 2019 11:44 AM Author: comical charcoal school cafeteria (not Adam Neumann) (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011873) |
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Date: October 22nd, 2019 11:51 AM Author: passionate ratface hairy legs usually founders siphon money away using company funds
my friend did that by paying his brother for real estate space and consulting services |
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Date: October 22nd, 2019 9:34 PM Author: Light mentally impaired philosopher-king 180 (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39014309) |
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Date: January 9th, 2020 3:42 PM Author: Fishy kitchen alpha (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39405798) |
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Date: December 7th, 2019 3:59 PM Author: Cracking Milk Absurd salaries, cash bonuses, "board fees", sweetheart deals between the company and other "companies" with the same founders, consulting fees from the company guaranteed when someone else buys it and non-compete payments after they leave, SoftBank paying massive bribes to get the founders to fuck off (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39229572) |
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Date: January 9th, 2020 3:47 PM Author: Blue center (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39405836) |
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Date: October 22nd, 2019 9:06 AM Author: cyan impertinent office mfcr (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011373) |
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Date: October 22nd, 2019 7:39 AM Author: medicated box office messiness yeah but eventually they won't need to pay drivers (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011244) |
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Date: October 22nd, 2019 8:06 AM Author: Angry Puppy (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011274) |
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Date: October 22nd, 2019 8:30 AM Author: boyish resort persian (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011300) |
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Date: October 22nd, 2019 10:08 AM Author: chest-beating property (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011545) |
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Date: October 22nd, 2019 12:44 PM Author: magical bull headed location (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39012164) |
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Date: October 22nd, 2019 1:22 PM Author: Multi-colored puce pit windowlicker (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39012340) |
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Date: October 23rd, 2019 9:04 AM Author: irradiated nowag (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39015824) |
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Date: October 22nd, 2019 7:42 AM Author: vengeful orchid becky In DC there be like 7 scooter companies, including one connected to the uber app and one to lift...so Im sure they have an advantage now juss because new users don't need to create a new account (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011246) |
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Date: October 22nd, 2019 8:54 AM Author: useless indirect expression chapel ty for posting brother.
Clown economy. If that weren't bad enough, I would pay some dollar amount to ban the scooters, as they're very annoying. (So p&l ignores a negative externality being passed on to the community). |
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Date: October 22nd, 2019 9:01 AM Author: amber sneaky criminal Lol the vehicles breakdown before they can generate cash? 180 business model (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011364) |
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Date: October 22nd, 2019 9:05 AM Author: Twinkling out-of-control cuckoldry international law enforcement agency most biglawyers also breakdown before they can generate cash. (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011370) |
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Date: October 22nd, 2019 10:08 AM Author: chest-beating property (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011547) |
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Date: October 22nd, 2019 12:42 PM Author: boyish resort persian (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39012144) |
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Date: October 23rd, 2019 8:50 AM Author: hairraiser disturbing karate (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39015783) |
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Date: October 22nd, 2019 10:31 AM Author: Angry Puppy they make it up on volume (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011630) |
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Date: October 22nd, 2019 12:42 PM Author: boyish resort persian (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39012145) |
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Date: October 22nd, 2019 11:43 AM Author: comical charcoal school cafeteria In August 2018, shared electric-scooter company Bird began operating in Louisville, Kentucky. As part of its open-data policy, the city started sharing data on scooter trips online (the latest is available here). Using that data, Quartz determined the average lifespan of a Bird scooter in Louisville to be 28.8 days, or just shy of a month. To state the obvious, that’s not very long.
https://qz.com/1561654/how-long-does-a-scooter-last-less-than-a-month-louisville-data-suggests/ |
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Date: October 22nd, 2019 12:46 PM Author: amber sneaky criminal Holy shit lol. What does one cost (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39012183) |
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Date: October 22nd, 2019 12:51 PM Author: Angry Puppy $500-600 (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39012212) |
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Date: October 22nd, 2019 12:48 PM Author: racy ivory national lmao. if the funding of this company with billions doesnt suggest a Tezos like bubble, i dunno what could (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39012193) |
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Date: October 22nd, 2019 7:30 PM Author: galvanic useless brakes LOL and libs claim to care about the environment. Just keep pumping these piece of shit scooters out to have people dump them into rivers and lakes. (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39013795) |
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Date: October 22nd, 2019 9:10 AM Author: passionate ratface hairy legs they're everywhere in hoboken
can get really hurt as they go 20mph on sidewalks
people throw them in the hudson |
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Date: October 22nd, 2019 9:43 AM Author: Angry Puppy (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011465) |
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Date: October 22nd, 2019 9:50 AM Author: stimulating ruddy field immigrant Bird just pulled out of my city. Towards the end they doubled their rates it seemed. (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011500) |
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Date: October 22nd, 2019 10:11 AM Author: Wine candlestick maker They have to make these things bigger and beefier so they won't break so fast. There's one called Bolt that had these massive things that look overbuilt and rugged af (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011557) |
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Date: October 22nd, 2019 10:55 AM Author: Aphrodisiac gunner theater stage These things are disgusting and people drive them recklessly - I’ve almost been hit a few times. Also had a moped sharing scam economy hit and run my car lmao!! (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011712) |
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Date: October 22nd, 2019 11:38 AM Author: Fishy kitchen alpha Clown World Market Share Rising
Kids were banking up to $600 a night locating and charging the bikes. Also hiding them for a few days and getting a finders fee.
"Hoarding in particular has become a problem in these crowded markets. Bird and other companies will pay a $20 reward for missing scooters, so some chargers simply keep the scooters in their garage until they’re reported missing by riders or the bounty goes up to $20, then claim the finder’s fees"
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Date: October 22nd, 2019 11:40 AM Author: Geriatric kitty cat lo (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011863) |
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Date: October 22nd, 2019 11:46 AM Author: Avocado Bawdyhouse one weird trick (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39011879) |
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Date: October 22nd, 2019 12:06 PM Author: mewling abode friendly grandma These things literally ruined the city of Austin. 5 years ago - beautiful walk around the lake with my dog / around the city / trails during non-summer. Maybe an occasional bicyclist.
Now it's just swarms of these fucking scooters everywhere flying past you. you can't even enjoy walking around b/c you have to constantly be on the lookout for gangs of idiots who think it's fun to just ride around on these things.
There was a story 1-2 months ago about the mayor of miami was worried when the hurricane was on its way to florida that they would have to pick up all the scooters b/c they'd turn into just flying missile projectiles. I can't think of anything more satisfying that than a storm picking up these things and lobbing them like flying missiles into everyone and everything around as a symbolic nature's revenge on modern urban life |
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Date: October 22nd, 2019 12:18 PM Author: Fishy kitchen alpha (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39012034) |
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Date: October 22nd, 2019 12:24 PM Author: passionate ratface hairy legs throw them in the river until these companies gtfo
even if u toss them in the garbage, force them to come clean it before someone rides it |
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Date: October 22nd, 2019 12:41 PM Author: Electric Stage Coldplay Fan They are all over Paris. Walking on the sidewalk there is no safer than walking down the middle of the Champs Elysees (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39012142) |
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Date: October 22nd, 2019 12:43 PM Author: boyish resort persian I was in Austin this spring
They’re fucking everywhere |
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Date: October 22nd, 2019 6:09 PM Author: fragrant place of business Bullshit, Austin is 10x better with scooters. (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39013541) |
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Date: October 23rd, 2019 1:00 AM Author: drab shivering parlor Cr. They are 180 for bee boping around with your boys when drinking. (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39015232) |
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Date: October 22nd, 2019 6:17 PM Author: Twinkling out-of-control cuckoldry international law enforcement agency Hate scooters but also feel the exact same way about dogs in parks. (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39013560) |
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Date: October 22nd, 2019 11:19 PM Author: Citrine disgusting tanning salon (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39014795) |
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Date: October 23rd, 2019 12:35 AM Author: chest-beating property (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39015145) |
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Date: December 7th, 2019 3:55 PM Author: lilac jewess it's like a post-apocalyptic world downtown (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39229555) |
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Date: October 22nd, 2019 12:32 PM Author: Flushed lodge i wish someone would invent moving sidewalks, or owner driven segways (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39012092) |
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Date: October 22nd, 2019 12:47 PM Author: magical bull headed location Great for getting around town on. Very fun to ride and blow past beta "pedestrians" (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39012188) |
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Date: October 22nd, 2019 2:58 PM Author: drab shivering parlor xo is really showing its age here
GET THESE DAMN SCOOTERS OFF MY LAWN
These things are fun as shit. If Jews in Silicon Valley are going to subsidize anything, I'd rather it be this than another degenerate swipe app, bespoke hygiene product subscription service, or fuedalist employment for third worlders. Who cares if they losing money. I don't think these guys take themselves too seriously and - spoiler alert - it's all Saudi money anyways. |
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Date: October 22nd, 2019 6:03 PM Author: nudist violet den cr I had a blast on these. fuck the haters (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39013524) |
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Date: October 22nd, 2019 6:10 PM Author: Coral razzle hell My beef with the scooter companies is that they don't have docks like bikes have, which means idiots leave them right in the middle of a sidewalk. (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39013548) |
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Date: October 22nd, 2019 7:19 PM Author: startling claret travel guidebook Lime, the green bicycle version in Orlando, doesn’t use docks. The bikes are just left on the sidewalks wherever the fuck they want. (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39013754) |
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Date: October 23rd, 2019 4:27 AM Author: flickering spectacular potus (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39015505) |
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Date: October 22nd, 2019 7:28 PM Author: odious topaz corn cake toaster God forbid you have to maneuver around a scooter parked on its kickstand in the middle of the sidewalk!
I don't understand the "they're shitting up the sidewalk" argument against scooters. Shitting up the sidewalk versus what, homeless people, trash cans? Since when did anyone give a shit if the sidewalk was clean/unobstructed. |
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Date: October 22nd, 2019 9:32 PM Author: comical charcoal school cafeteria "Since when did anyone give a shit if the sidewalk was clean/unobstructed"
State your race, religion, and socioeconomic class. |
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Date: October 22nd, 2019 9:36 PM Author: galvanic useless brakes he's clearly black or asian (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39014333) |
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Date: October 23rd, 2019 1:26 PM Author: Coral razzle hell I live in a clean metro, not a west coast shithole. I shouldn't have to play frogger on the sidewalk trying to avoid some asshole's detritus. (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39016784) |
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Date: December 7th, 2019 3:57 PM Author: Twinkling out-of-control cuckoldry international law enforcement agency "Shitting up the sidewalk versus what"
not shitting up the sidewalk |
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Date: December 7th, 2019 3:58 PM Author: Carnelian crusty ape point *brain explodes* (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39229571) |
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Date: October 22nd, 2019 7:23 PM Author: galvanic useless brakes They're litter, no different from plastic bottles or beer bottles left everywhere. The parks near me, with hundreds of acres of land, are littered with these shitty scooters everywhere. No one comes and picks them up and they're all over the fucking place. There's a creek where someone or some people gathered up about 50 of these fucking things and dumped them into the creek, just piled the fuck up.
libs: "we have to save the environment! By the way, just leave this garbage scooter on the ground, nbd" |
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Date: October 22nd, 2019 8:01 PM Author: nudist violet den so maybe install some docks. lmao at being so angry at the new hipster form of MICROMOBILITY that you shut your brain off (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39013918) |
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Date: October 22nd, 2019 8:03 PM Author: galvanic useless brakes why would i "install some docks"? (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39013921) |
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Date: October 23rd, 2019 12:59 AM Author: drab shivering parlor I have a hard time believing people are leaving them in the middle of a field. In fact, I just looked at a few random parks in ATL and Nashville and didnt see any, so gtfo with this criticism.
OMG there is a sCoOtEr on the sidewalk! Dammit Jessie, we are going to have to find another route.
I'm actually trying to think of a legit criticism of these things to help you out. Maybe if you are a biker? |
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Date: October 23rd, 2019 1:08 AM Author: Iridescent curious sound barrier range They are eyesores--street litter. JFC, are you Indian? (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39015250) |
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Date: October 23rd, 2019 1:14 AM Author: drab shivering parlor Maybe your internet was down but I've posted pics tyvm
That's a great opinion, but most people dgaf about seeing a scooter next to some 4,000 pound Toyota advertisement and a recycling bin and your lard ass in a polo shirt
You don't like them because young fags gallop around town on them having a good time |
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Date: October 23rd, 2019 3:31 AM Author: magical bull headed location Most city sidewalks are strewn with far more offensive stuff. Cigarette buts are ubiquitous. Look at "fearless girl." Mailboxes and advertisement carriers disguised as street guides. You're grasping at straws. Step around the scooter. (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39015474) |
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Date: October 23rd, 2019 8:16 AM Author: stirring sickened reading party meetinghouse These are fun as shit to ride but also kinda pricey (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39015709) |
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Date: October 23rd, 2019 9:06 AM Author: Histrionic Smoky Chad Public Bath lol aren't you a faggot lib in NYC (http://www.autoadmit.com/thread.php?thread_id=4368185&forum_id=2#39015832) |
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Date: January 9th, 2020 3:35 PM Author: Angry Puppy https://www.axios.com/e-scooter-startup-lime-shuts-in-12-markets-lays-off-around-100-d25d44e4-c0f1-4713-9a89-868f4da40e03.html
Scooter company Lime is laying off about 14% of its workforce (roughly 100 employees) and shuttering operations in 12 markets |