Lime president Joe Kraus talks scooters on Kara Swisher Recode podcast - Vox - 0 views
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[pop-up] urbain on 04 Sep 19"Since their respective IPOs in March and May, Lyft and Uber have had a tough time on Wall Street: The ride-hailing companies' share prices have been slumping throughout most of August, closing on Thursday more than 20 percent below where they were on Day 1. But Lime's Joe Kraus isn't bothered by those numbers. In fact, the president of the scooter-rental company says they actually underscore why electric scooters (a transportation category that Lyft and Uber are also in) may be a more solid transportation business than cars, and he expects Lime to be a "standalone public company" someday. "The scooter companies and Lime, the foremost among them, will be much more capital-efficient than the ride-sharing companies, despite the fact that we have to buy scooters," Kraus said on the latest episode of Recode Decode with Kara Swisher. "