"The Rise and Fall of the Super E-Scooter: A $2.5 Billion Sharing Economy Fiasco"

1 min read
Source: Fortune
"The Rise and Fall of the Super E-Scooter: A $2.5 Billion Sharing Economy Fiasco"
Photo: Fortune
TL;DR Summary

Bird, a scooter rental startup, initially gained rapid success and unicorn status with its dockless electric scooters, but ultimately faced financial struggles and filed for Chapter 11 bankruptcy protection. The company's aggressive growth strategy, resistance to local regulations, and heavy investment in hardware contributed to its downfall. Despite the challenges, some of Bird's competitors are still operational, and there remains hope for the success of short-distance city transportation options in the future.

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