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>> Bird scooters is a completely unviable business. There's almost certainly a viable business. At the end of the day, it's a question of whether the unit eco
by smallgovt 7y ago
>> Bird scooters is a completely unviable business.
There's almost certainly a viable business. At the end of the day, it's a question of whether the unit economics will work out. These scooters cost $1K and on average, each scooter gets ridden ten times a day with an average fare of $5. It doesn't take rocket science to see a profitable solution even with maintenance costs. The problem right now is that these companies are being extremely wasteful in order to capture market share.
- deleted 7y ago[deleted]
- Someone 7y ago”and on average, each scooter gets ridden ten times a day with an average fare of $5” FTA: ”revenue shrank sharply to only about $15 million”. That’s per quarter, so about $160,000 a day. At your claimed $50 revenue a day, that would be 3,200 scooters. Bird operates in over 100 cities worldwide (https://www.bird.co/cities/ https://www.bird.co/cities/), so for that to be true, at least one of those cities would have less than 32 scooters. ⇒ it would surprise me if each scooter gets used even once a day, on average.