Scooter Startup Bird Goes Bankrupt After 2021 SPAC -- MarketWatch

Dow Jones2023-12-21

Electric-vehicle company Bird Global Inc. (BRDS) on Wednesday filed for chapter 11 bankruptcy with an agreement to sell some of its assets to its existing lenders. The six-year-old firm, which went public in late 2021 but was delisted from the New York Stock Exchange after its share price plummeted, said in a press release it will continue operations in an effort to reach "long-term, sustainable growth." BIrd's descent comes after European scooter company Tier laid off 22% of its workforce in November. In recent months, Berlin-based e-scooter startup unu, Swedish electric-truck maker Volta Trucks, and Dutch e-bike maker VanMoof all declared bankruptcy.

-Jon Swartz

For more from MarketWatch: http://www.marketwatch.com/newsviewer

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

December 20, 2023 13:43 ET (18:43 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2393119823?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-12-21 02:43","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2393119823","market":"hk","top_or_hot":-1,"title":"Scooter Startup Bird Goes Bankrupt After 2021 SPAC -- MarketWatch","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Electric-vehicle company Bird Global Inc. (BRDS) on Wednesday filed for chapter 11 bankruptcy with an agreement to sell some of its assets to its existing lenders. The six-year-old firm, which went public in late 2021 but was delisted from the New York Stock Exchange after its share price plummeted, said in a press release it will continue operations in an effort to reach \"long-term, sustainable growth.\" BIrd's descent comes after European scooter company Tier laid off 22% of its workforce in November. In recent months, Berlin-based e-scooter startup unu, Swedish electric-truck maker <a href=\"https://laohu8.com/S/VLTA\">Volta</a> Trucks, and Dutch e-bike maker VanMoof all declared bankruptcy. \n</p>\n<p>\n     -Jon Swartz \n</p>\n<p>\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 20, 2023 13:43 ET (18:43 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Scooter Startup Bird Goes Bankrupt After 2021 SPAC -- MarketWatch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nScooter Startup Bird Goes Bankrupt After 2021 SPAC -- MarketWatch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-21 02:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Electric-vehicle company Bird Global Inc. (BRDS) on Wednesday filed for chapter 11 bankruptcy with an agreement to sell some of its assets to its existing lenders. The six-year-old firm, which went ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BRDS","symbol_name":"Bird Global","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2393119823","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2393119823","pubTimestamp":1703097780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Electric-vehicle company Bird Global Inc.  on Wednesday filed for chapter 11 bankruptcy with an agreement to sell some of its assets to its existing lenders. The six-year-old firm, which went public in late 2021 but was delisted from the New York Stock Exchange after its share price plummeted, said in a press release it will continue operations in an effort to reach \"long-term, sustainable growth.\" BIrd's descent comes after European scooter company Tier laid off 22% of its workforce in November. In recent months, Berlin-based e-scooter startup unu, Swedish electric-truck maker Volta Trucks, and Dutch e-bike maker VanMoof all declared bankruptcy.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BRDS":"Bird Global","BK4230":"旅客陆运","BRDSQ":"Bird Global, Inc.","BK4022":"陆运"},"translate_title":"滑板车初创公司伯德在2021年后破产特殊目的收购公司——市场观察","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRDS":0.9,"BRDSQ":0.9},"content_text":"Electric-vehicle company Bird Global Inc. (BRDS) on Wednesday filed for chapter 11 bankruptcy with an agreement to sell some of its assets to its existing lenders. The six-year-old firm, which went public in late 2021 but was delisted from the New York Stock Exchange after its share price plummeted, said in a press release it will continue operations in an effort to reach \"long-term, sustainable growth.\" BIrd's descent comes after European scooter company Tier laid off 22% of its workforce in November. In recent months, Berlin-based e-scooter startup unu, Swedish electric-truck maker Volta Trucks, and Dutch e-bike maker VanMoof all declared bankruptcy. \n\n\n     -Jon Swartz \n\n\n  For more from MarketWatch: http://www.marketwatch.com/newsviewer \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 20, 2023 13:43 ET (18:43 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2393119823"}