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Bird, the scooter rental company, lost $100M on $15M of revenue in Q1

Has burned $600M in 18 months https://www.theinformation....
DrakeMallard
  07/11/19
LMFAO
cialis
  07/11/19
https://www.seattletimes.com/seattle-news/northwest/57-elect...
Woah Cr friend!
  07/11/19
...
faggy retard (retired)
  07/11/19
...
'''''''"'"
  07/11/19
if my city is any indication, yuge source of losses has to b...
acorn2525
  07/11/19
probably just some rambunctious "teens"
'''''''''''"'
  07/11/19
at least half of the Bird scooters I see now are commandeere...
acorn2525
  07/11/19
...
'''''''"'"
  07/11/19
Youths?
~~(>' ' )>
  07/11/19
I believe dey good keeds, just about to turn dey lives aroun...
'''''''''''"'
  07/11/19
180
Midsommar? Ponderous, Aggravating
  07/11/19
good. why should the govt protect this shitcompany leaving t...
David Ben Djoker, 16x GRAND SLAM Champion
  07/11/19
lmao who said anything about the govt protecting them you we...
'''''''"'"
  07/11/19
BEEP BEEP BEEP
David Ben Djoker, 16x GRAND SLAM Champion
  07/11/19
40 scooters and a mule
,.,,,,....,,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,,.,.,.
  07/12/19
I have to assume this company is run by a kike. I want to mu...
'''''''''''"'
  07/11/19
...
cialis
  07/11/19
At this burn rate the company will run out of cash by the en...
DrakeMallard
  07/11/19
where are we at on executing the founders?
'''''''''''"'
  07/11/19
*Drives past Bird HQ blasting “Wake Me Up When Septemb...
Midsommar? Ponderous, Aggravating
  07/12/19
No, CEO is a dutch guy. I interviewed there for a corp dev r...
Trump's dementia in full force
  07/11/19
They are 180 for getting across town on a nice day. I've bee...
.,.,,.,..,.,.,:,,:,,.,:.,.:,...,:,.,.:...:.,:.::,.
  07/12/19
so many of these startups are such frauds when will this ...
pedude
  07/11/19
Interest rates in Europe and Japan are negative. The US is ...
DrakeMallard
  07/11/19
...
GOY GUN NUT
  07/11/19
Low interest rates SoftBank subsidizing a shit ton of start...
Trump's dementia in full force
  07/11/19
could never figure out how these things make money but I did...
michael doodikoff
  07/11/19
Can you tell me about fraudCo "AllBirds" as far as...
'''''''''''"'
  07/11/19
You mean bonobos.com?
cialis
  07/11/19
The scooters only last about one month. https://www.extre...
~~(>' ' )>
  07/11/19
They'll make it up on volume
DrakeMallard
  07/11/19
...
faggy retard (retired)
  07/11/19
...
'''''''"'"
  07/11/19
...
fidelio
  07/12/19
...
"'"'"''"""
  07/14/19
Does “double digit revenue growth” mean they&rsq...
Midsommar? Ponderous, Aggravating
  07/11/19
It means revenue is growing at over 10% each month. That&rsq...
,.,.,.,..,.,.,:,,:,..,:::,.,,.,:.,,.:.,:.,:.::,.
  07/12/19
They are being used less and less after only 4 months on the...
Thank you for your service.
  07/12/19
I recently started using them all the time. I don't get why ...
.,.,,.,..,.,.,:,,:,,.,:.,.:,...,:,.,.:...:.,:.::,.
  07/12/19
Fuckkkk birdshits
Midsommar? Ponderous, Aggravating
  07/11/19
...
Why were clowns?
  07/14/19
I thought scooter companies were so fucking proud of their m...
Non sequitur
  07/12/19
Yes
~~(>' ' )>
  07/12/19
So the whole narrative of “we make back the cost of a ...
Id prefer not to
  07/12/19
...
donny (retired)
  07/12/19
at a hedge fund/your hedge fund does anyone have cart blanch...
""''''''"
  07/12/19
seen probably a thousand people riding lime-green electric s...
massage_man1989
  07/12/19
I saw them in St. Louis and Mexico City last summer. ljl at ...
A GAMBLIN LEGEND, A GALVESTON LEGEND
  07/12/19
Why is everyone focusing exclusively on the cost of the scoo...
A GAMBLIN LEGEND, A GALVESTON LEGEND
  07/12/19
is this like Pokemon Go?
Metal Up Your Ass
  07/12/19
I've looked into it. There is an app that tells you where al...
.,..,....,.,.,.,:,,:,...,:::,...,:,.,.:...,:.::,
  07/14/19


Poast new message in this thread



Reply Favorite

Date: July 11th, 2019 2:29 PM
Author: DrakeMallard (Let's get dangerous)

Has burned $600M in 18 months

https://www.theinformation.com/articles/hit-by-big-loss-bird-seeks-300m-in-new-funds

The wintertime was bleak for Bird. In this year’s first quarter, the electric scooter operator lost nearly $100 million while revenue shrank sharply to only about $15 million, people familiar with the matter said. In the spring, it told people it was down to about $100 million in cash, even after raising more than $700 million over a year and a half.

It’s well known that scooter companies struggled in the colder months of the year, but the depth of Bird’s problems hasn’t been previously reported. Now, the company that unleashed the global scooter craze is trying to raise hundreds of millions of dollars more in venture capital by convincing investors that it has started to turn around, recording what one person familiar with the figures said was double-digit revenue growth each month since February.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515874)



Reply Favorite

Date: July 11th, 2019 2:30 PM
Author: cialis

LMFAO

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515884)



Reply Favorite

Date: July 11th, 2019 2:32 PM
Author: Woah Cr friend!

https://www.seattletimes.com/seattle-news/northwest/57-electric-scooters-bikes-pulled-from-willamette-river/

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515899)



Reply Favorite

Date: July 11th, 2019 7:20 PM
Author: faggy retard (retired) ()



(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517221)



Reply Favorite

Date: July 11th, 2019 7:46 PM
Author: '''''''"'"



(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517335)



Reply Favorite

Date: July 11th, 2019 2:33 PM
Author: acorn2525

if my city is any indication, yuge source of losses has to be their more "diverse" market segment destroying whatever GPS tracking/payments electronics are on it thus making it DERE NEW SCOOTA!

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515904)



Reply Favorite

Date: July 11th, 2019 2:34 PM
Author: '''''''''''"'

probably just some rambunctious "teens"

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515913)



Reply Favorite

Date: July 11th, 2019 2:45 PM
Author: acorn2525

at least half of the Bird scooters I see now are commandeered by homeless or "teens" and - maybe this makes me a "racist" or whatever - but somehow I doubt they plan on disembarking any time soon.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515988)



Reply Favorite

Date: July 11th, 2019 7:46 PM
Author: '''''''"'"



(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517340)



Reply Favorite

Date: July 11th, 2019 2:48 PM
Author: ~~(>' ' )>

Youths?

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38516004)



Reply Favorite

Date: July 11th, 2019 2:49 PM
Author: '''''''''''"'

I believe dey good keeds, just about to turn dey lives around, just need mo money fo dem programs.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38516009)



Reply Favorite

Date: July 11th, 2019 7:00 PM
Author: Midsommar? Ponderous, Aggravating

180

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517112)



Reply Favorite

Date: July 11th, 2019 7:39 PM
Author: David Ben Djoker, 16x GRAND SLAM Champion (✡️)

good. why should the govt protect this shitcompany leaving their crappy scooters all over the place? that's the risk they run.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517306)



Reply Favorite

Date: July 11th, 2019 7:42 PM
Author: '''''''"'"

lmao who said anything about the govt protecting them you weird aspie?

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517318)



Reply Favorite

Date: July 11th, 2019 7:48 PM
Author: David Ben Djoker, 16x GRAND SLAM Champion (✡️)

BEEP BEEP BEEP

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517349)



Reply Favorite

Date: July 12th, 2019 10:17 PM
Author: ,.,,,,....,,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,.,,.,.,.


40 scooters and a mule

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38524096)



Reply Favorite

Date: July 11th, 2019 2:33 PM
Author: '''''''''''"'

I have to assume this company is run by a kike. I want to murder all the stupid faggots I see on these gay scooters and how the scooters are left strewn all over the city. Fuck them I hope they go bankrupt and get executed.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515907)



Reply Favorite

Date: July 11th, 2019 2:34 PM
Author: cialis



(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515914)



Reply Favorite

Date: July 11th, 2019 2:35 PM
Author: DrakeMallard (Let's get dangerous)

At this burn rate the company will run out of cash by the end of September

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515918)



Reply Favorite

Date: July 11th, 2019 2:36 PM
Author: '''''''''''"'

where are we at on executing the founders?

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515926)



Reply Favorite

Date: July 12th, 2019 1:53 PM
Author: Midsommar? Ponderous, Aggravating

*Drives past Bird HQ blasting “Wake Me Up When September Ends”*

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38521409)



Reply Favorite

Date: July 11th, 2019 2:39 PM
Author: Trump's dementia in full force

No, CEO is a dutch guy. I interviewed there for a corp dev role. The company is a mess.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515943)



Reply Favorite

Date: July 12th, 2019 10:24 PM
Author: .,.,,.,..,.,.,:,,:,,.,:.,.:,...,:,.,.:...:.,:.::,.


They are 180 for getting across town on a nice day. I've been using uber a lot less since they came out

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38524110)



Reply Favorite

Date: July 11th, 2019 2:34 PM
Author: pedude

so many of these startups are such frauds

when will this madness end?

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515915)



Reply Favorite

Date: July 11th, 2019 2:36 PM
Author: DrakeMallard (Let's get dangerous)

Interest rates in Europe and Japan are negative. The US is about to cut rates, when the real interest rate is hovering around 0.5%

Until money is no longer free / costs money to hold, you'll have money flowing to obvious malinvestments as long as it has growth, as people hope it works out

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515922)



Reply Favorite

Date: July 11th, 2019 7:31 PM
Author: GOY GUN NUT



(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517275)



Reply Favorite

Date: July 11th, 2019 2:41 PM
Author: Trump's dementia in full force

Low interest rates

SoftBank subsidizing a shit ton of startups via Saudi money

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515953)



Reply Favorite

Date: July 11th, 2019 2:39 PM
Author: michael doodikoff

could never figure out how these things make money but I didn't realize it was this bleak.

they are fun to go a few blocks on

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515941)



Reply Favorite

Date: July 11th, 2019 2:46 PM
Author: '''''''''''"'

Can you tell me about fraudCo "AllBirds" as far as I can tell all they make are ugly shoes for losers. I know some idiot who works there and goes on about their billion dollar valuation. How exactly is it a "startup" with "room for growth," it's a fucking shoe company.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38515995)



Reply Favorite

Date: July 11th, 2019 7:52 PM
Author: cialis

You mean bonobos.com?

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517366)



Reply Favorite

Date: July 11th, 2019 2:51 PM
Author: ~~(>' ' )>

The scooters only last about one month.

https://www.extremetech.com/electronics/286774-early-data-suggests-shared-scooters-unsustainably-expensive

"The average revenue generated per scooter in Louisville, at least, comes out to between $65 – $75. Data available elsewhere online suggests each scooter costs Bird $551. The company wants to get that down to $360, but even so, it’s losing $285 – $295 per scooter deployed in the Louisville area."

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38516023)



Reply Favorite

Date: July 11th, 2019 2:52 PM
Author: DrakeMallard (Let's get dangerous)

They'll make it up on volume

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38516024)



Reply Favorite

Date: July 11th, 2019 7:20 PM
Author: faggy retard (retired) ()



(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517223)



Reply Favorite

Date: July 11th, 2019 7:49 PM
Author: '''''''"'"



(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517353)



Reply Favorite

Date: July 12th, 2019 1:58 PM
Author: fidelio



(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38521443)



Reply Favorite

Date: July 14th, 2019 2:37 AM
Author: "'"'"''"""




(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38528800)



Reply Favorite

Date: July 11th, 2019 7:02 PM
Author: Midsommar? Ponderous, Aggravating

Does “double digit revenue growth” mean they’re making TENS OF DOLLARS each month? Ljl at these frauds



(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517118)



Reply Favorite

Date: July 12th, 2019 1:56 PM
Author: ,.,.,.,..,.,.,:,,:,..,:::,.,,.,:.,,.:.,:.,:.::,.


It means revenue is growing at over 10% each month. That’s not hard when your base is in the dead of winter and you’re aggressively rolling out new markets. The real question is what the revenue growth in LA or somewhere else that’s been open for a while and has decent weather is. My money is on flat to down.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38521432)



Reply Favorite

Date: July 12th, 2019 10:16 PM
Author: Thank you for your service.

They are being used less and less after only 4 months on the streets where I am

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38524091)



Reply Favorite

Date: July 12th, 2019 10:21 PM
Author: .,.,,.,..,.,.,:,,:,,.,:.,.:,...,:,.,.:...:.,:.::,.


I recently started using them all the time. I don't get why people are so MAF about them.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38524103)



Reply Favorite

Date: July 11th, 2019 7:57 PM
Author: Midsommar? Ponderous, Aggravating

Fuckkkk birdshits

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38517394)



Reply Favorite

Date: July 14th, 2019 2:38 AM
Author: Why were clowns?



(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38528802)



Reply Favorite

Date: July 12th, 2019 10:11 AM
Author: Non sequitur

I thought scooter companies were so fucking proud of their margins, that’s why money was pouring in. What happened? Too many youths destroying scooters.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38520118)



Reply Favorite

Date: July 12th, 2019 10:03 PM
Author: ~~(>' ' )>

Yes

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38524050)



Reply Favorite

Date: July 12th, 2019 2:03 PM
Author: Id prefer not to

So the whole narrative of “we make back the cost of a scooter in one month” thing was flame?

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38521468)



Reply Favorite

Date: July 12th, 2019 10:05 PM
Author: donny (retired) (donny)



(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38524055)



Reply Favorite

Date: July 12th, 2019 10:06 PM
Author: ""''''''"

at a hedge fund/your hedge fund does anyone have cart blanche to take positions or does it go through committees and shit

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38524058)



Reply Favorite

Date: July 12th, 2019 10:26 PM
Author: massage_man1989

seen probably a thousand people riding lime-green electric scooters all over minneapolis as of about a month ago- not sure if related

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38524118)



Reply Favorite

Date: July 12th, 2019 10:33 PM
Author: A GAMBLIN LEGEND, A GALVESTON LEGEND

I saw them in St. Louis and Mexico City last summer. ljl at ttt Minneapolis getting them just now.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38524140)



Reply Favorite

Date: July 12th, 2019 10:32 PM
Author: A GAMBLIN LEGEND, A GALVESTON LEGEND

Why is everyone focusing exclusively on the cost of the scooters and not payments to the people charge them? I've heard you can make up to like $20 charging one scooter if it's in a remote location or hard to find.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38524132)



Reply Favorite

Date: July 12th, 2019 10:43 PM
Author: Metal Up Your Ass

is this like Pokemon Go?

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38524175)



Reply Favorite

Date: July 14th, 2019 2:31 AM
Author: .,..,....,.,.,.,:,,:,...,:::,...,:,.,.:...,:.::,


I've looked into it. There is an app that tells you where all the burned out scooters are located. They're on a first come first serve basis so you gotta move fast to grab them. If a scooter sits out there for a long time, you can assume it's difficult to locate, so the price to locate it goes up to like $20 instead of the usual $5. I've seen guys riding around towns with vans full of scooters, just scooping them up randomly around town. Guys running these operations could be making six figures for all I know.

(http://www.autoadmit.com/thread.php?thread_id=4300604&forum_id=2#38528792)