It's hard to interpret your one-word answer, but if you are saying that Europe can be held up as an example of success for this concept, then I ask you: which European city has successfully granted a legal monopoly to a single bike fleet?
I have done bike / scooter fleet apps in Paris, Berlin, Madrid, Malaga, Prague... I dunno, many other European cities - and I don't think I've ever come across one with such a policy.
Is this a normal European thing?