
Bird's Wings Clipped: E-Scooter Giant Declares Bankruptcy
Electric scooter company Bird has filed for Chapter 11 bankruptcy, citing the need for financial restructuring. The company plans to sell some of its assets to existing lenders while maintaining its scooter services for riders. Bird's operations in Asia and Europe are not part of the bankruptcy proceedings. The company has faced challenges, including layoffs, revenue over-reporting, and debts owed to vendors. Despite its setbacks, Bird aims to continue promoting micro-mobility to reduce car usage, traffic, and carbon emissions.




