Nov 18, 2022 - 11:50 am

Bird may come crashing down

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After withdrawing from Germany and other countries, the US bike & scooter rental company Bird announced that its sales for the last two years were overstated due to incorrect bookings. A bankruptcy filing cannot be ruled out.

In terms of specific numbers, Bird closed out the third quarter of 2022 holding $38.5 million in free cash flow. Without additional funding, the company says that it would be unable to meet its obligations over the next year.
techcrunch.com, cloudfront.net (PDF)

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Found on electrive.com
https://www.electrive.com/2022/11/18/bird-may-come-crashing-down/
18.11.2022 11:36