On: Lyft Takes over Ford GoBike

[devit]

The service is valuable since it reduces travel times for those using public transit and those going to place near their homes by replacing walking.

Hence, as long as vandalism is not too much of a problem and thus the service can be provided cheaply, it should be profitable.

There is also a natural moat since once you are subscribed to the service with the most bikes you have an incentive to stick with it.