Bike sharing companies leave Sydney and Adelaide

Tuesday 10 July 2018

Last month, bike sharing company, oBikes, announced that it would leave Melbourne following the Victorian Government’s crack-down on the company, which classified abandoned bikes as litter and potentially liable for $3,000 fines.

Now bike sharing companies, Reddy Go and Ofo, have announced that they will exit Sydney. From SBS News:

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.