0 Shares EmailFacebookTwitterLinkedInContinuing the spiral of layoffs amid tech companies this week, Scooter startup Lime will leave 12 markets as it focuses on profitability.

Subscribe to the Crunchbase DailyThe news, first reported by Axios, comes after Lime raised more than $700 million in funding and expanded rapidly.

Thanks to regulation, expensive costs, and even weather, scooter startups have had their day of reckoning.

In December, scooter startup Unicorn, went bust and left customers without refunds (and the scooters they were promised).

Then, months after scooter startup Bird acquired scooter startup Scoot, the former laid off less than two dozen ex-Scoot employees. | To read full story, visit https://startuparound.com/read/1578603618.6558073/As-Lime-Leaves-12-Markets,-A-Note-On-Scooters?ref=audio_experience