11–20 of 83 posts
It looks like there is only a couple million $$ of paid up share capital in the paper trail. How did they finance purchase of so many oBikes?
In Australia, oBikes were often thrown in to trees and rivers. They've left Melbourne. [0] [0] http://www.abc.net.au/news/2018-06-12/obike-dockless-bicycle...
It looks like there is only a couple million $$ of paid up share capital in the paper trail. How did they finance purchase of so many oBikes?
From what I saw while trying to ride these bikes, I would bet that each bike costs less than 80$ to manufacture. They are very low quality, with no gears. It might be even lower than that. My guess is that the electronic is the most expensive part.
In Australia, oBikes were often thrown in to trees and rivers. They've left Melbourne. [0] [0] http://www.abc.net.au/news/2018-06-12/obike-dockless-bicycle...
oBike was also troublesome here in Switzerland. People just left them left and right wherever they pleased.
As someone who is not familiar with oBike or the situation, could someone clue me in as to what happened? My guess is that the company signed up a bunch of people, took a sizeable deposit from all of them, and then cut and run? Where does the ICO (or ICOs) come into the picture?
Eventually the government told oBike they would be given a $3,000 fine for every bike in violation, which is obviously far more than the small cost of the bike itself.
They left soon afterwards.
http://www.abc.net.au/news/2018-06-12/obike-dockless-bicycle...
In Australia, oBikes were often thrown in to trees and rivers. They've left Melbourne. [0] [0] http://www.abc.net.au/news/2018-06-12/obike-dockless-bicycle...
As someone who is not familiar with oBike or the situation, could someone clue me in as to what happened? My guess is that the company signed up a bunch of people, took a sizeable deposit from all of them, and then cut and run? Where does the ICO (or ICOs) come into the picture?
Bike sharing company in Singapore. Initially collected a S$49 to use its service. With the deposit paid you were entitled to rent their bikes at S$0.5/15min. Bike were almost everywhere. Initially they had lots of free ride promotions. A few days ago, they claimed that they ceased operations due to newly imposed government restrictions. (To prevent bikes from lying/standing around just about everywhere and have them…
What happens to the bikes then? I can imagine they're being stored left and right now.
As someone who is not familiar with oBike or the situation, could someone clue me in as to what happened? My guess is that the company signed up a bunch of people, took a sizeable deposit from all of them, and then cut and run? Where does the ICO (or ICOs) come into the picture?
They were notorious for dumping bikes all over Melbourne, Australia. A city that takes its liveability seriously. Eventually the government told oBike they would be given a $3,000 fine for every bike in violation, which is obviously far more than the small cost of the bike itself. They left soon afterwards. http://www.abc.net.au/news/2018-06-12/obike-dockless-bicycle...
In Australia, oBikes were often thrown in to trees and rivers. They've left Melbourne. [0] [0] http://www.abc.net.au/news/2018-06-12/obike-dockless-bicycle...
Earlier quoted context omitted.
They were notorious for dumping bikes all over Melbourne, Australia. A city that takes its liveability seriously. Eventually the government told oBike they would be given a $3,000 fine for every bike in violation, which is obviously far more than the small cost of the bike itself. They left soon afterwards. http://www.abc.net.au/news/2018-06-12/obike-dockless-bicycle...
Looking at aerial photography of Melbourne, it there are an awful lot of cars for a city that takes its liveability seriously. I can't imagine that bikes were taking MORE space than the cars?
Cars are allowed in the city center, but they are mostly commercial vehicles (taxis, delivery drivers, construction, etc).
Most people use public transport to commute to and from work.
Many bike share schemes have been tried, but are not popular in Melbourne because trams are free and bicycles require helmets by law.