I am a avid Citibike user in NYC. It’s a great and simple way to get around the city. In the rain, in the snow, all the time.
Citibike sees 60,000 trips during a peak weekday. The average Citibike is used 6 times every day.
cycling is really the only way to eliminate traffic congestion in cities. A person on a bike takes up 1/10 the roadway space as a private car. Citibike is great because I never need to mess with parking.
CitiBike in NYC is a well run operation. Not sure if it turns a profit but they get subsidized by CityGroup in exchange for naming rights. They seem to be expanding.