micromobility -

Bird tells SEC it overstated revenue for two years • ZebethMedia

By zebethcontrolPosted on November 14, 2022Posted in bird, micromobility, Scooter, SPAC, TransportationNo Comments

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 financial reports spanning the first quarter of 2020 through the second quarter of 2022 “should no longer be relied upon,” according to a U.S. Securities and […]

Bird exits Germany, Sweden, Norway and “several dozen” US, EMEA markets • ZebethMedia

By zebethcontrolPosted on October 18, 2022Posted in bird, micromobility, TransportationNo Comments

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 exit Germany, Sweden and Norway, as well as wind down operations in “several dozen additional, primarily small to mid-sized markets” across the U.S., Europe, the […]