Transcript
Uber is dumping the Jump Bike.
Jump is the ridesharing company’s name for its branded electric bicycles and scooters available for rent.
Uber isn’t pulling them off the road everywhere but the company is shutting down its electric bike business in San Diego and Atlanta.
It comes amid a difficult stretch for Uber.
Recently they’ve had layoffs, record losses and a nearly 25 percent stock price drop since May.
It also comes after the company stopped offering the bikes in Dallas and San Antonio and announced he would end its program in Staten Island.
Uber said in a statement that it still has Jump products in more than twenty-five cities around the world.
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