Bird is outsourcing the scooter-sharing business to aspiring entrepreneurs in countries outside the US and Europe. In this way Bird can inspire the creation of new scooter companies that won’t directly compete with its own service, as well as orchestrate the spread of e-scooters in cities around the world, without losing more money than it already is.
Bird Global said Tuesday it acquired shared electric bike and scooter operator Skinny Labs, known as Spin, from TIER Mobility for $19 million.
The purchase price of Spin, now a wholly owned unit.
Bird Global (BRDS) Reports Q2 Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Net loss was $ million compared to $ million in the second quarter of 2022
Adjusted EBITDA for the second quarter improved by $27.7 million to $ million from $ million in the second quarter of.
Bird Reports Second Quarter 2023 Financial Results with Improvements in Gross Margin and Operating Expense Spend joplinglobe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from joplinglobe.com Daily Mail and Mail on Sunday newspapers.