Owner Frank Arroyo said that his rental business has decreased by 90% since Citi Bike was rolled out last month.
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Related: rental
Prev: Rachel Botsman, the author of a book on the subject, says the consumer peer-to-peer rental market alone is worth $26 billion.
Next: The danger is that although some rules need to be updated to protect consumers from harm, existing rental businesses will try to destroy competition.
