Uber enters dockless bike wars with Jump acquisition
This is a puzzle to me. Uber faces some critical issues ahead. If they can solve them, the bikes will be a rounding error. If they can't, the bike business won't be enough to save them. Why add the complexity when they could buy or build something later?I especially can't figure out why the Jump CEO would do it. The odds of their work surviving to the 10 year mark seems so small. It reminds me of something like Dodgeball. (For those who don't remember, it was a company basically like Foursquare, but years before. Google bought it and did little with it. Eventually the founders got tired of it, left Google, and started the same company again.)