Uber Buys E-Bike-Share Company Jump

Tech Crunch is reporting that Uber has purchased bike-share company Jump for close to 200 million bucks! The article says that Jump employees will join Uber’s team but the bike-share company will carry on as an independent, wholly controlled subsidiary. That is the official company line in the majority of company takeovers, but time usually proves that duplication of efforts are eliminated. The tech industry is not known for job security.