Bird Goes Bankrupt. What Company Will Blink Next?
Ride AI
Bird's Financial Struggles and Acquisition of Spin
The chapter discusses Bird's decision to file for Chapter 11 bankruptcy and their acquisition of Spin. It explores Bird's financial difficulties, including the need to raise significant funds each quarter and the impact of the cash-burning nature of Spin's business. The conversation reflects on the implications of these challenges for the shared micro-mobility industry as a whole.
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