Is Citi Bike In Trouble?

The Wall Street Journal reports that the bike-share initiative is in financial trouble. But...

Citi Bike, New York City's bike share program, has been an enormous hit with pedal-pushing Manhattanites and Leonardo DiCaprio. But it might be in trouble. The Wall Street Journalreports today that the transportation initiative's leaders "are moving quickly to raise tens of millions of dollars to rescue the popular bike-share program as it loses money, according to people familiar with the matter." Per the report, Citi Bike's financial troubles are threefold:

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Published on March 21, 2014 09:25
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