{"id":194064,"date":"2023-09-23T17:39:18","date_gmt":"2023-09-23T17:39:18","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194064"},"modified":"2023-09-23T17:39:18","modified_gmt":"2023-09-23T17:39:18","slug":"birds-scooter-business-implodes","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/","title":{"rendered":"Bird’s Scooter Business Implodes"},"content":{"rendered":"

Bird, the electric scooter company, is grappling with significant financial hurdles and recently found itself delisted from the New York Stock Exchange (NYSE). The situation has raised concerns about the company’s future prospects.<\/p>\n

Bird’s troubles extend beyond its stock exchange woes. The company lost its bid to secure the domain Bird.com and had to settle for Bird.co. Additionally, it has faced a tumultuous journey since its early success.<\/p>\n

In 2019, Bird managed to raise an impressive $500 million, with a valuation of $2.5 billion. However, it soon became clear that the company was part of a wave of overvalued firms created by venture capital firms.<\/p>\n

Bird’s decision to go public through a merger with a Special Purpose Acquisition Company (SPAC) also raised eyebrows. Historically, very few companies that have gone public through SPACs have performed well, making this a concerning move<\/p>\n

Adding to the uncertainty, Bird appointed Michael Washinushi as interim CEO in August, a move that often raises questions about a company’s stability. Washinushi, who had previously served as CFO, joined Bird in January and was part of the leadership during the company’s struggles<\/p>\n

Bird had a weak excuse about its delisting. \u201cThe Company does not believe the current market cap is reflective of the intrinsic value of the business and intends to appeal this determination by the NYSE.\u201d Hundreds, if not thousands, of investors do not agree. They have driven the stock from a 52-week high of $11.50 to $.90.<\/p>\n

\n

\t\t\t\t<\/p>\n

\t\t<\/svg>
\n\t\t\t\t<\/p>\n

\t\t\t\t\t\tGet Our Free Investment Newsletter<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tI have read, and agree to the \t\t\t\tTerms of Use
\n\t\t\t\t\t\t\t\t<\/span>
\n\t\t\t\t\t\t\t\t\t\t\t\t<\/form>\n<\/section>\n

\nIn the most recent quarter, Bird had a mere $48 million in revenue, down 28% from the same period the year before. It lost $9.3 million.<\/p>\n

Bird describes itself as a company that will make cities more \u201clivable,\u201d presumably because they do not have to drive cars. Its scooters also improve safety, which is hard to prove. Cars seem safer than scooters.<\/p>\n

Does Bird survive another year? Only if it can raise a lot more money. Its business model and financial results will make that hard. (These are the 13 biggest electric vehicle business failures in American history.)<\/p>\n

Sponsored: Tips for Investing<\/b><\/p>\n

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.<\/p>\n

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses,\tconsider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bird, the electric scooter company, is grappling with significant financial hurdles and recently found itself…<\/p>\n","protected":false},"author":4,"featured_media":194063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28129],"tags":[],"yoast_head":"\nBird’s Scooter Business Implodes - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bird’s Scooter Business Implodes - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Bird, the electric scooter company, is grappling with significant financial hurdles and recently found itself...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-23T17:39:18+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/09\/Birds-Scooter-Business-Implodes.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/\",\"url\":\"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/\",\"name\":\"Bird’s Scooter Business Implodes - Tokens Talk\",\"isPartOf\":{\"@id\":\"https:\/\/tokenstalk.info\/#website\"},\"datePublished\":\"2023-09-23T17:39:18+00:00\",\"dateModified\":\"2023-09-23T17:39:18+00:00\",\"author\":{\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab\"},\"breadcrumb\":{\"@id\":\"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tokenstalk.info\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bird’s Scooter Business Implodes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tokenstalk.info\/#website\",\"url\":\"https:\/\/tokenstalk.info\/\",\"name\":\"Tokens Talk\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tokenstalk.info\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bird’s Scooter Business Implodes - Tokens Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/","og_locale":"en_US","og_type":"article","og_title":"Bird’s Scooter Business Implodes - Tokens Talk","og_description":"Bird, the electric scooter company, is grappling with significant financial hurdles and recently found itself...","og_url":"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/","og_site_name":"Tokens Talk","article_published_time":"2023-09-23T17:39:18+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/09\/Birds-Scooter-Business-Implodes.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/","url":"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/","name":"Bird’s Scooter Business Implodes - Tokens Talk","isPartOf":{"@id":"https:\/\/tokenstalk.info\/#website"},"datePublished":"2023-09-23T17:39:18+00:00","dateModified":"2023-09-23T17:39:18+00:00","author":{"@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab"},"breadcrumb":{"@id":"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tokenstalk.info\/business\/birds-scooter-business-implodes\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tokenstalk.info\/"},{"@type":"ListItem","position":2,"name":"Bird’s Scooter Business Implodes"}]},{"@type":"WebSite","@id":"https:\/\/tokenstalk.info\/#website","url":"https:\/\/tokenstalk.info\/","name":"Tokens Talk","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tokenstalk.info\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts\/194064"}],"collection":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/comments?post=194064"}],"version-history":[{"count":0,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts\/194064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/media\/194063"}],"wp:attachment":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/media?parent=194064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/categories?post=194064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/tags?post=194064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}