Austin regulators curb bikesharing company’s SXSW launch

Spin, a newly launched station-less bicycle sharing company, lasted less than a day during South by Southwest before Austin officials threatened to impound its bikes for skirting local regulations.
Derrick Ko, CEO of Spin’s San Francisco-based parent company Skinny Labs Inc., told the Austin Business Journal that the company has temporarily suspended its service to provide more information to Austin Transportation Department officials about its operations. A meeting between Spin and city officials…

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