Uber Acquires the Bike-Share Company Jump

Jump Bikes has a new owner: Uber. The bike-sharing company, launched as Social Bicycles in 2011, runs GPS-enabled programs in twelve cities all over the world, including Portland, Oregon, and Phoenix, Arizona. In San Francisco, Jump’s offerings are both electric and dockless—twin cycling innovations that helped kick off a nationwide (and global) bike-sharing craze. The …