Judging from the other comments, I must be the first person here to actually read the patent. Basically, it claims two unrelated things:
1. Linking the bicycle computers of a group of riders so that they can see each other's data and location.
2. Detecting that a bicycle has been stolen by noticing it is being ridden.
All the other stuff in the article is just marketing blather, not part of the patent claims, and has existed for many years in other products. It's standard for patents to include this sort of background information, but the only thing that matters is the "claims" section.