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Shared scooters, bikes and scooters: micromobility at a standstill

2024-04-05T17:24:45.672Z

Highlights: Shared scooters, bikes and scooters: micromobility at a standstill. Bird operates shared scooters and bikes in 350 cities around the world. In September 2023, the group was forced to exit the stock market due to not being worth more than fifteen million dollars for 30 consecutive days. According to… This article is reserved for subscribers. You have 85% left to discover. Unlock all items immediately. Test for €0.99 Already subscribed? Log in.


DECRYPTION - More and more operators are going bankrupt because investors are tired of financing these start-ups incapable of making profits.


The massacre. We will soon know if Bird, which operates shared scooters and bikes in 350 cities around the world, continues or permanently stops its activity in the United States. Placed under the protection of Chapter other solutions. Its activities in Europe, Canada and the Middle East are not affected by this process. Nonetheless, what a descent into hell for the world's second largest player in micromobility behind Lime. When it was listed on Wall Street at the end of 2021, Bird was valued at more than two billion dollars.

A year later, the group was only worth 70 million. In September 2023, the company was forced to exit the stock market due to not being worth more than fifteen million dollars for 30 consecutive days. According

to…

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Source: lefigaro

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