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Bird Global Inc. (BRDS) is a defunct publicly-traded entity that filed for Chapter 11 bankruptcy in December 2023 and was liquidated in 2024. The company's assets were sold to Third Lane Mobility Inc. for $145 million in April 2024, while the original BRDS stock became worthless to shareholders. The stock now trades as BRDSQ on OTC Markets, representing the liquidated entity with no operational business.
Prior to bankruptcy, Bird Global operated as a pioneering micromobility company providing app-based electric scooter and bicycle rentals for short-distance urban travel. Founded in September 2017 by former Uber and Lyft executive Travis VanderZanden, Bird achieved unicorn status in just 10 months—faster than any startup in Silicon Valley history. The company raised over $1 billion in venture funding and reached a peak valuation of $2.5 billion before going public via SPAC in 2021.
Despite early success, Bird struggled with profitability, burning more than $650 million in cash from 2020 through 2022. The company faced regulatory challenges, accounting irregularities, and was delisted from the NYSE in September 2023. Bird filed for bankruptcy in December 2023 with $359 million in net losses for 2022 and cash reserves of just $6.8 million. While the Bird brand continues operating under Third Lane Mobility's private ownership, the original BRDS stock holds no value.
Investment Warning: BRDSQ represents a liquidated entity with no assets or recovery prospects. The stock trades on OTC Pink, the riskiest tier of securities, and is unsuitable for investment. Any investment carries a near-certain risk of total loss.
Bird Global, Inc. (NYSE: BRDS) announced its e-Mobility Suite will be featured at CES® 2022 in Las Vegas from January 5-8, 2022. The suite includes innovative electric vehicles like the Bird e-Bike, Bird Flex e-scooter, and the Birdie Glow children's scooter. The 3,500 square foot booth will showcase how these vehicles contribute to reducing carbon emissions in over 350 cities globally. Senior VP Brian Buccella highlighted the importance of eco-friendly transit to combat climate change.
Bird Global, Inc. (NYSE:BRDS) reports significant environmental and economic impacts from its micromobility services in 2021. Riders contributed an estimated $100 million in spending at local businesses and saved approximately 1.1 million gallons of gasoline. The environmental benefits equate to CO2 absorption by nearly 460,000 mature trees. The company saw a rise in usage, with riders averaging 58% longer trips compared to 2019. Bird operates in over 350 cities globally, promoting eco-friendly transportation solutions.
Bird Global, a leader in electric transportation, has secured a conditional exclusive three-year contract to operate e-scooters in Reno, following a unanimous vote by the Reno City Council. This initiative aims to provide up to 1,000 micro-EVs to Reno’s 250,000 residents, promoting greater transportation access and addressing transit deserts. Community outreach will continue before the launch to ensure engagement and support for the program. Bird has a significant global presence, operating in over 350 cities.
Bird Global, Inc. (NYSE:BRDS) announced participation in Micromobility World, a global summit on
Bird Global, Inc. (NYSE:BRDS) has launched its new e-scooter, Bird Flex, and children's scooter, Birdie Glow, just in time for the holiday season. Available for direct purchase from Bird's website and Target, these products cater to increasing demand for personal electric vehicles. The Bird Flex features a compact design and enhanced safety, while the Birdie Glow is designed for kids ages 3 and up. Bird aims to expand its eco-friendly transportation offerings, meeting the needs of riders of all ages.
Bird Global (NYSE:BRDS) has partnered with Scootaround to launch an accessible mobility program in San Diego, California. This initiative aims to provide eco-friendly, on-demand transportation solutions for individuals with disabilities. Accessible vehicles, including the WHILL Model Ci2, will be available at discounted rates through the Bird app. This program follows successful pilots in the Bronx and San Francisco, expanding Bird's commitment to sustainable mobility access. Bird also offers a dedicated support line and personalized tutorials for users.
Bird Global, Inc. (NYSE:BRDS) announced the extension of its shared micromobility program in Washington, D.C. until June 30, 2022, allowing continued access to its fleet of micro electric vehicles. This initiative aims to reduce reliance on gas-powered vehicles and supports the city's climate action goals. Bird promotes community connectivity and has launched various safety innovations and partnerships, enhancing accessibility and environmentally friendly transportation.
Bird Global, Inc. (NYSE:BRDS), a leader in environmentally friendly transportation, will participate in the Credit Suisse 25th Annual Technology Conference. CEO Travis VanderZanden is scheduled to present on Wednesday, December 1, 2021, at 9:20 a.m. MT (11:20 a.m. ET). The presentation will be streamed live, with an archive available for 30 days afterward. Founded in 2017, Bird provides shared electric scooters and bikes in over 350 cities globally, focusing on affordable transportation solutions.
Bird Global, Inc. (NYSE:BRDS) reported a robust third quarter, with revenue rising 63% year-over-year to $65.4 million. Gross Transaction Value also surged 60% to $79.5 million. Despite a net loss of $(36.9) million, an improvement from $(43.8) million last year, the adjusted EBITDA loss decreased to $(5.3) million from $(28.0) million. Year-to-date revenue reached $151.1 million, a 114% increase, prompting the company to raise its full year revenue outlook to between $195 million and $205 million, alongside a revised adjusted EBITDA expectation of $(85) million to $(75) million.
Bird Rides, Inc. has completed its business combination with Switchback II Corporation, resulting in the formation of Bird Global, Inc. (NYSE: BRDS). The merger was approved on November 2, 2021, and the combined company received approximately $414 million in liquidity through various financial sources. Bird aims to expand its environmentally friendly transportation services, having already established operations in over 350 cities globally. The leadership team celebrated the listing on the NYSE by ringing the Opening Bell on November 5, 2021.
