Spin: Tier-owned Spin exits 10 US markets amid low demand, unfavorable city regulations

Micromobility operator Spin is leaving 10 U.S. markets due to a combination of low demand, over-regulation, under-regulation and poor cost structures, according to a company-wide email sent Friday by Philip Reinckens, Spin's CEO, that was shared with TechCrunch. Reinckens said the market exits would help Spin cut costs and focus on growing markets that provide [...] Tier-owned Spin exits 10 US markets amid low demand, unfavorable city regulations by Rebecca Bellan originally published on TechCrunch