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Photo: Justin Sullivan/Getty Images

It turns out scooter rentals are popular: Lime and Bird have each already crossed the 10 million ride mark, with Lime recently reaching 11.5 million (including bike rides).

Why it matters: Scooter rentals are seen as the "new ride-hailing" by investors and users alike, the former chasing the next transportation hit and the latter looking for an easy alternative to auto traffic. At least for now, it looks like Bird and Lime are neck and neck in the race.

  • Caveat: It's unclear which company achieved 10 million rides fastest. Lime had crossed the mark at least by August 30, per a tweet from CEO Toby Sun, but Bird has declined to share its exact date.

For comparison, Lyft had amassed only one million rides a year after debuting in August 2012. It took about 17 months for Uber to reach 10 million UberX rides in Australia alone (2014-2015).

Lime and Bird by the numbers:

  • Total rides disclosed to date: Bird, 10 million; Lime, 11.5 million (including some bike rides).
  • Total cities: Bird, 100; Lime, 100.
  • Total funding: Bird, $418 million; Lime, $467 million.
  • Valuation: Bird, $2 billion; Lime, $1.1 billion (per Pitchbook).

1 San Francisco thing: On Wednesday, Lime appealed San Francisco's decision not to award it a permit to participate in its pilot program. Bird, however, won't be appealing its permit denial, CEO Travis VanderZanden told Axios.

Editor's note: This story has been updated to clarify that Lime's 11.5 million rides total includes some bike rides.

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  3. Economy: Conference Board predicts economy won’t fully recover until late 2021.
  4. Education: Surge threatens to shut classrooms down again.
  5. Technology: The pandemic isn't slowing tech.
  6. Travel: CDC replaces COVID-19 cruise ban with less restrictive "conditional sailing order."
  7. Sports: High school football's pandemic struggles.
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Dan Primack, author of Pro Rata
Updated 4 hours ago - Economy & Business

Dunkin' Brands agrees to $11B Inspire Brands sale

Photo: Alexi Rosenfeld/Getty Images

Dunkin' Brands, operator of both Dunkin' Donuts and Baskin-Robbins, agreed on Friday to be taken private for nearly $11.3 billion, including debt, by Inspire Brands, a restaurant platform sponsored by private equity firm Roark Capital.

Why it matters: Buying Dunkin’ will more than double Inspire’s footprint, making it one of the biggest restaurant deals in the past 10 years. This could ultimately set up an IPO for Inspire, which already owns Arby's, Jimmy John's and Buffalo Wild Wings.

Ina Fried, author of Login
6 hours ago - Technology

Federal judge halts Trump administration limit on TikTok

Illustration: Aïda Amer/Axios

A federal judge on Friday issued an injunction preventing the Trump administration from imposing limits on the distribution of TikTok, Bloomberg reports. The injunction request came as part of a suit brought by creators who make a living on the video service.

Why it matters: The administration has been seeking to force a sale of, or block, the Chinese-owned service. It also moved to ban the service from operating in the U.S. as of Nov. 12, a move which was put on hold by Friday's injunction.