Bird Dropping

“Bird grew fast. The company was founded in September 2017 with just 10 scooters in Santa Monica, California. Nine months later it had raised more than $300 million in funding at a valuation of about $2 billion.” But did it ever make sense to value a scooter rental company at internet multiples? For a variety of reasons, Bird has now filed for bankruptcy. Wired: Blood, Guns, and Broken Scooters: Inside the Chaotic Rise and Fall of Bird.