Bird, the once high-flying electric scooter company, has crash-landed into bankruptcy.
After a wild ride from a $2 billion valuation to a financial face-plant, this former micromobility poster child is now restructuring its finances faster than one of its scooters racing downhill with a tailwind.
Now they’re banking on Chapter 11 to keep their wheels spinning, but only after laying off some feathers and hoping someone finds enough value in their assets to buy them out.
The irony? Their Canadian and European operations are still scooting along as if nothing happened.