Bird potentially insolvent after overstating revenue for 2 years

I’m shocked, SHOCKED that using VC money to dump scooters in random cities and then pay people to run around and pick them up in trucks to charge them is not a sound business practice.

In the future, someone will write an excellent recap off all these VC-funded bullshit tech disrupter companies that failed.<p>It truly seems that the worlds wealth has been sucked up by a handful of playboys who treat it as nothing but numbers on a screen. The money being pumped into these useless companies could change the world for the better. But they’d rather play games.

Like the original Asus netbooks, the commercial success of this model will not be its legacy; its legacy will be a new solution for urban micromobility.

The more I read about Startups &#x2F; VC the more I think it is a scam similar to the blockchain scams. Just more elaborate. VCs should be the pinacle of deep thinking, meanwhile they pump money into the most ridiculous ideas, never doing due diligence and sometimes enabling outright fraud.

I&#x27;m waiting to see defunct scooter art used in an exhibit at MOMA.<p>Twas a good era in creativity as I recall

Those scooters were destined to be e-waste the minute the corporation was formed.