> Renting out scooters/bikes just seems like a very low-margin business As are food delivery and taxi services, but VCs and sovereign wealth funds have sunk un

> Renting out scooters/bikes just seems like a very low-margin business As are food delivery and taxi services, but VCs and sovereign wealth funds have sunk untold billions into them. Usually the pitch has some pipe dream angle like "self-driving robotaxis" that makes it sound more visionary than it is. I have no idea what Bird's equivalent was supposed to be.