Vultures are circling around shared micromobility.
E-scooter operators like Bird, Lime, Jump, and Spin were confronting financial headwinds even before Covid-19 drastically reduced urban trips worldwide. Faced with plummeting usage, the companies have yanked their fleets off the street and retreated from entire continents. Their financial outlook is bleak: Bird recently laid off nearly 40 percent of its staff, while Lime is reportedly seeking an emergency round of financing at a sharply reduced valuation.
