bird - Tech News from Simmons Systems

Tech News from Simmons Systems

bird

A collection of 7 posts

Shared E-Scooters Struggle to Replace Cars in Major Cities

Five years after their debut, shared electric scooters fail to significantly reduce car trips in cities like Los Angeles and Paris. Despite billions in venture capital, high costs and strict regulations make profitability and widespread adoption incredibly difficult.

Bird Lays Off 23% of Workforce to Accelerate Path to Profitability

Micromobility company Bird cuts 138 employees amid broader economic headwinds and a push for sustainable growth.

Scooter Startup Bird Cuts 30% of Staff to Survive Pandemic

Bird lays off 406 employees as the COVID-19 crisis forces the scooter company to pause global operations and reduce its cash burn. The startup joins a growing list of Silicon Valley companies making deep cuts to extend their financial runways.

Bird Scoops Up Smaller Rival Scoot in Push for Market Consolidation

Bird agrees to acquire smaller mobility startup Scoot, marking the electric scooter giant's first full acquisition and signaling potential market consolidation.

Bird Shifts Focus From Blitzscaling to Scooter Unit Economics

Bird CEO Travis VanderZanden discusses the company's transition from rapid expansion to improving unit economics with its custom Bird Zero scooters, while also addressing concerns about seasonal revenue drops.

Government Shutdown Delays Highly Anticipated 2019 Tech Unicorn IPOs

The ongoing government shutdown forces major tech companies like Uber and Lyft to postpone their planned public debuts. Meanwhile, startups like Postmates and N26 continue to secure massive private funding rounds.

E-Scooter Startup Bird Is Raising Another $300M

E-scooter startup Bird is raising an additional $300 million at a flat $2 billion valuation.