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New York Governor Vetoes E-Scooter, Bike Bill

Electric scooter and bike operators have been hoping to crack the country’s biggest urban market, but on Thursday they learned that New York City would remain off-limits to them for now. New York Gov. Andrew Cuomo vetoed legislation that would have allowed companies like Lime, Bird and their rivals to seek approval to launch service in the Big Apple and in any other city the state.  Cuomo cited...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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