At an all-hands meeting just before Thanksgiving, Superpedestrian’s CEO Assaf Biderman told staff the electric scooter company was gearing up for fresh funding and a merger. Management would announce the news on January 1, but until then, Superpedestrian needed to go lean. Less than a month later, Superpedestrian would collapse.
Flightless Bird: E-Scooter Company Bird Declares Bankruptcy gizmodo.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gizmodo.com.au Daily Mail and Mail on Sunday newspapers.
Bird said it was overstating revenue from its shared electric scooters for 2020 and 2021. The company was improperly counting preloaded “wallet” balances as revenue after certain trips.