3 ms·
> Participants had to start their own companies to get scooters from Bird, agreeing to make “equipment payments” that were taken out of their ride payouts each
by neilv 3y ago
> Participants had to start their own companies to get scooters from Bird, agreeing to make “equipment payments” that were taken out of their ride payouts each week until the scooters were paid off. After that, a fleet manager would be entitled to 81 percent of the net revenue from each ride, though contracts show the title of the scooter would always remain with Bird.
What's the net revenue (gross minus what)?
> If more than 10 percent of his fleet turns red, John can get chewed out by a Bird manager, and he has been told he could lose some scooters for breach of contract.
What are these contract "fleet managers" paying off, if Bird still owns the scooters, and if Bird can also take back whatever rights the fleet manager has been paying for?
- aspenmayer 3y ago> What are these contract "fleet managers" paying off, if Bird still owns the scooters, and if Bird can also take back whatever rights the fleet manager has been paying for? This sounds like franchise fees with extra steps.