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I feel for the whole Bird organization today. The team made a very hard decision to address something very much out of their control. https://t.co/dGfETz3eVn
— Damir (@damirbecirovic) March 27, 2020
It’s a big $ hit, but probably more in line w/ actual fundamentals of the micromobility business anyway vs the wild growth assumptions and unit economics projections bandied about:
— Gabe Klein (@gabe_klein) March 26, 2020
Lime’s Valuation May Fall 80% In Emergency Fundraising — The Information https://t.co/x0ZFwFWnx7
Lime is raising emergency funds at a $400 million valuation.
— KiD? (@kidkapital) March 26, 2020
It was valued at $2.4 billion last year.
?https://t.co/Rn8fCjRj1k
YIKES!
— Courtney Ehrlichman (@c_ehrlichman) March 27, 2020
They are providing four weeks of pay, three months of health coverage and an extended timeframe of 12 months to exercise stock optionshttps://t.co/7U0TY8SeEg
New from last night: global ???rental leader @limebike seeking valuation drop of ?⬇️ 80% in emergency funding. https://t.co/AeStloLx1X via @coryweinberg
— Amir Efrati (@amir) March 26, 2020
From $2.4 billion in valuation to $400 million, had $50 million around January burning $22.5 million a month ... with a collapsed demand https://t.co/mL8CAmof4x
— Andrea Hernández? (@iiiitsandrea) March 26, 2020
it sounds like bird is doing its best to take care of folks. this whole thing sucks for everyone. https://t.co/5s3txl5oVa
— drew olanoff (@yoda) March 27, 2020
sad scoop https://t.co/bb1bXVYtOL
— mrd (@meganrosedickey) March 27, 2020
Bird laid off 30% of staff https://t.co/8ipCsufZnZ
— erin griffith (@eringriffith) March 27, 2020
I’m hearing this round of layoffs hit Bird’s gov, product, and data teams especially hard. https://t.co/GyHry41tWb
— David Zipper (@DavidZipper) March 27, 2020
More layoffs https://t.co/TKXi2bY1wG
— Kate Clark (@KateClarkTweets) March 27, 2020
Bird lays off nearly a third of its staff during coronavirus pandemic https://t.co/R3T7xP7j7Q pic.twitter.com/EblDHdKGdI
— Verge Transportation (@vergecars) March 27, 2020
Bird lays off nearly a third of its staff during coronavirus pandemic https://t.co/RIrHsawkPv pic.twitter.com/E3GJZS3HqT
— The Verge (@verge) March 27, 2020
The Silicon Valley Age is over. Most startups will blame the coronavirus for their problems even when the root causes began earlier. https://t.co/yvSnwFJf99
— Jawad Mian (@jsmian) March 26, 2020
Scooter startup Lime is raising emergency funds at a valuation of $400 million. It was valued at $2.4 billion last year. @coryweinberg has the scoop: https://t.co/1GHs7mObaO
— Kate Clark (@KateClarkTweets) March 26, 2020
We were promised a transportation revolution, instead we got a bunch of overvalued startups https://t.co/ju0RCAgL1A
— Romain Dillet ? (@romaindillet) March 26, 2020