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Lyft just got a step closer to bike-share domination. Here's why Uber and other competitors should be terrified.
A San Francisco judge ruled that Motivate, the bike-share operator that Lyft purchased one year ago, has exclusive rights to rent both docked and dockless bikes in the city.
When it comes to e-bikes, Lyft also has first-offer for a contract. The city wants there to be multiple operators.
The ruling doesn't necessarily mean Lyft's newly reintroduced electric bikes will be the only e-bikes in San Francisco.
Wall Street analysts say Lyft's exclusive contracts with more cities, including New York, could be a big tailwind.
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