*By Conor White*
Lyft's acquisition of bike-sharing company Motivate is the latest example of the Amazon-ization of the transportation industry, says Curbed senior reporter Patrick Sisson. And it might be just the beginning.
"When you see the rise of bike-share, dockless bike-shares, and the sort of frenzy over dockless electric scooters, people are really seeing transportation change," said Sisson. "I think Lyft really wants to be on top of this."
Motivate is the United States' largest bike-share operator, running Citi Bike in New York, Blue Bikes in Boston, Biketown in Portland, Ore., and others. While terms weren't disclosed, Lyft reportedly paid $250 million for the company.
The deal comes after rival Uber acquired electric bike-sharing start-up Jump for an estimated $200 million in April.
Both purchases are an indication that these companies want to capitalize on the growing market for short-distance travel. According to the [2017 National Household Travel Survey](https://nhts.ornl.gov/), 35% of trips Americans take are under two miles, and Sisson said Lyft wants to be the go-to for trips "anywhere, anytime."
"Lyft sees this as part of the future," he said, "to not just provide ride-hailing rides.
"They're trying to give you an option and make sure it's the only app you're looking for when you're trying to get around the city."
For the full segment, [click here.](https://cheddar.com/videos/lyft-enters-bike-sharing-lane)
Elon Musk may not have founded Tesla, but he has become the company, and it’s become him. Now sales are plummeting. Is he toxic for the Tesla?
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
Europeans upset with Elon Musk still aren’t buying his electric cars, adding to a long losing streak for his company.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
Nvidia reported a 56% increase in second-quarter revenue and a 59% rise in net income compared to a year ago.
The Rev. Al Sharpton is set to lead a protest march on Wall Street to urge corporate America to resist the Trump administration’s campaign to roll back diversity, equity and inclusion initiatives. The New York civil rights leader will join clergy, labor and community leaders Thursday in a demonstration through Manhattan’s Financial District that’s timed with the anniversary of the Civil Rights-era March on Washington in 1963. Sharpton called DEI the “civil rights fight of our generation." He and other Black leaders have called for boycotting American retailers that scaled backed policies and programs aimed at bolstering diversity and reducing discrimination in their ranks.
President Donald Trump's administration last month awarded a $1.2 billion contract to build and operate what's expected to become the nation’s largest immigration detention complex to a tiny Virginia firm with no experience running correction facilities.
Netflix CEO Ted Sarandos claims audiences don't want to watch Netflix movies in theaters, but that seems not to be the case recently.
Chipmaker Nvidia is poised to release a quarterly report that could provide a better sense of whether the stock market has been riding an overhyped artificial intelligence bubble or is being propelled by a technological boom that’s still gathering momentum.
Load More