Bird may come crashing down

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.

Image: Bird Rides

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., (PDF)


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