Ofo, the Beijing-based dockless bikesharing giant, is shutting down operations in Seattle.
The company, which currently has thousands of bright yellow bicycles on Seattle streets, notified customers in the area that it is leaving the market. Riders in other cities around the country are likely seeing the same message. Last week, Ofo confirmed widespread layoffs across the U.S. to GeekWire.
“We’ve done some critical thinking about the markets we operate in, and how to deliver the best ofo experience possible to our riders,” the company said in the email. “That’s why it’s with great sadness that we’ll be leaving your town over the next week.”
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