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The LTV of an electric scooter is negative, so more people using the service is actually bad for Bird.
by imustbeevil 4y ago
The LTV of an electric scooter is negative, so more people using the service is actually bad for Bird.
- FerociousTimes 4y agoCould you please elaborate more on this?
- rvnx 4y agoThey 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.