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Posts Tagged ‘scooters’

E-scooter companies are desperate for repo men to stop impounding their vehicles

E-scooter companies like Bird and Lime have sued Scootscoop -- a self-financed startup that tickets and impounds e-scooters that have been abandoned on private property -- claiming that the repo men are violating the same traffic laws that the same companies also say don't apply to scooters, a belief that is their basis for filling ...

Bird Scooter reportedly lost $100m in three months, needs more capital to stay afloat

Bird Scooter really is the Uber of scooters: vastly overcapitalized, vastly overvalued, incapable of turning a profit...ever.

According to a report in The Information, Bird lost $100m in the first quarter of 2019 (the company denies this); and is now seeking an additional $300m in investment capital. (Xeni wrote about this on ...

Uber, Lyft, and the challenge of transportation startup profits

How much does transportation cost you? In most cities, bus or subway fare might set you back $3 or so. A tank of gas, maybe $30 or $40 depending on your car. An hour of street parking? Sometimes it’s free, sometimes it’s a few bucks. And you can usually snag an economy seat on a ...