bird
Bird stock dips 11% on news of reverse stock split
Shared micromobility company Bird’s share price fell 10.8%, or about two cents, in after-hours trading after the company said it would issue a reverse stock split. The move is Bird’s attem
Bird’s weak stock market performance impacts the entire e-scooter industry
Bird’s first-quarter earnings show a company struggling to maintain ridership and revenue — two legs of the profitability stool for the shared micromobility market. Bird did manage to cut cost
Bird still has a long way to go to reach profitability
Shared micromobility company Bird reported a somewhat head-scratching fourth-quarter and full-year 2022 earnings Friday morning. At first glance, Bird’s earnings show a company that beat Wall St
Bird’s plan to stay in the shared scooter game
Bird CEO and president Shane Torchiana predicts a major consolidation in the industry, with two or three companies coming out on top. Bird, he said, has a chance to be one of those companies.
How Bird clipped its own wings
It recently came to light that Bird, a former unicorn in the once-hot scooter rental market, overstated its revenue for years. The accounting mess is consequential.
Bird may not have enough funds to continue shared micromobility business
Just hours after Bird said it had overstated revenue for more than two years by recognizing unpaid customer rides, Bird dropped a going concern warning. In a regulatory filing, the company said it mig
Bird tells SEC it overstated revenue for two years
Micromobility company Bird said Monday it had overstated its revenue for more than two years by recognizing unpaid customer rides. Bird’s audit committee found on Friday that the company’s financi
Bird exits Germany, Sweden, Norway and ‘several dozen’ US, EMEA markets
Shared micromobility company Bird is exiting several markets across the world as it struggles to build an economically viable business, according to a regulatory filing. Bird said it will “fully
Bird board backs new scooter boss
Micromobility company Bird is boosting its president, Shane Torchiana, to CEO status in a “long-planned” shakeup that sees founding chief executive Travis VanderZanden further stripped of
As US SPACs flounder, did Europe largely dodge a bullet?
Things have turned so sour for SPACs that it leaves us with a question: Why did anyone think that this was a good idea again?
The Station: EVs abound at Monterey Car Week and Tesla amateur testing spreads to include kids
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your cen
Bird burns $310M but sees revenue bounce back
Shared micromobility company Bird has had a tumultuous second quarter. The company announced plans to dismantle its retail business, shut down operations in unprofitable markets, had a corporate shake
The disappearance of Bolt Mobility shows how corrosive depreciation can be for IRL startups
With the apparent demise of Bolt Mobility, the divide between technology businesses and those that are merely tech-enabled is back at the forefront of our minds.
Lime has built its own camera-based sidewalk detection technology
Shared micromobility giant Lime is finally bringing on some of its own city-appeasing advanced rider assistance system (ARAS) technology. At a Lime event in Paris, the startup shared plans to pilot an
Micromobility is fun, but perhaps that’s all it’ll ever be
What will it take for micromobility to be a suitable addition to the ideal transportation mosaic that gets everyone, regardless of disability or socioeconomic status, from point A to point B?
Veo’s Candice Xie one year later, still slowly and steadily winning the profitability race
We sat down with Veo CEO and co-founder Candice Xie one year after our initial interview to discuss what is happening in shared micromobility.
Bird CEO Travis VanderZanden steps down as president
Shared micromobility company Bird’s board of directors has appointed Shane Torchiana as president of the company, replacing the company’s CEO and founder Travis VanderZanden. The new roles
Bird gets a warning from the NYSE because its stock price is too low
Scooter and micromobility company Bird has to fly at a slightly higher altitude — at least if it wants to keep its New York Stock Exchange (NYSE) listing. The company issued a press release on Frida
If you must conduct layoffs, don’t be a jerk
Since our last column, another smattering of tech startups has laid off employees. We get it. Layoffs happen. But as we conduct yet another week of analysis into a depressing time in tech, we’re thi