Source: CNBC
Summary
Bird, a nine-year-old scooter and bike-share company, is reportedly laying off employees and attempting to raise funds to help pay down around $1 billion in liabilities.
Our Reading
The announcement sounds ambitious.
Bird is trying to raise funds to pay off its debts.
Bird has around $1 billion in liabilities.
The company is laying off employees.
Another sharing economy company with a billion-dollar debt problem.
Author: Evan Null
