Tier-Owned Spin Exits 10 U.S. Markets Amid Weak Demand and Unfavorable City Regulations
Micromobility operator Spin is exiting 10 U.S. markets due to a combination of weak demand, over-regulation, under-regulation and poor cost structures, according to a company-wide email sent Friday by Philip Reinckens, CEO of Spin, which was shared with TechCrunch. Reinckens said the market exits would help Spin cut costs and focus on growing markets that …
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