3 ms·
The article states some serious problems only towards the end: > ... the company announced in November 2022 that it had been overstating its revenue numbers in
by WaitWaitWha 3y ago
The article states some serious problems only towards the end:
> ... the company announced in November 2022 that it had been overstating its revenue numbers in its annual reports.
That should be right up there with the reasons why they are in this state with
> "...the company blamed huge losses ... [on] post-covid slump in ridership, and more than 100 personal injury lawsuits."
- kjs3 3y agoIt sure should be, but Quartz is SV/startup-centric virtual fishwrap, and thus lying on your financials is just 'fake it till you make it' and perfectly cromulent. Plus, you wouldn't want to conflate that annoying little detail with the real reason you failed: it's all someone/something else's fault, nothing to be done about it, and definitely not in any way to do with how they ran the company. 6-12 months from now there will be fawning reporting from Quartz about the new startups that the Bird founders are disruptively flogging with the help of a few tens of millions from friends and there will be nary a mention of financial 'creativity' or annoying collateral damage to humans the last time around to spoil the fun.
- andrewfromx 3y agohave you seen https://www.themoviedb.org/tv/126301-super-pumped https://www.themoviedb.org/tv/126301-super-pumped? Sometimes it works out https://finance.yahoo.com/quote/UBER/ https://finance.yahoo.com/quote/UBER/
- kjs3 3y agoThat looks like "Silicon Valley" without the humor (tho I like Joseph Gordon-Levitt and wtf Quentin Tarantino?). But yes, sometimes it works, and every time it does it gets flogged as an aspirational shining beacon by a new generation of ethics-averse, ends-always-justifies-means, Mises Institute wristband wearing startup founders.