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> Demand of what? This is an electric scooter company, it is supposed to do well when folks are not locked at home.

Many people stopped taking public transportation in favour of these alternatives

The LTV of an electric scooter is negative, so more people using the service is actually bad for Bird.

Could you please elaborate more on this?

They show good metrics "we are profitable for each ride sharing from a hardware perspective", but if you look at financial statements you see things huge lines like "General and administrative expenses".

As a result, 2021 income: 205M, expenses: 425M

Essentially, this is the business of selling for 0.50 USD something that costs 1 USD to produce.

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