Chapter 11 protection for US firm, once the fastest ‘unicorn’ startup to be valued at $1bn, does not affect Canadian and European arms
The US electric scooter company Bird, once the fastest startup to clinch a “unicorn” valuation of more than $1bn, has filed for bankruptcy.
Bird, which helped introduce scooter and bike rentals in cities across the world, went public just two years ago via a deal which valued it at about $2.3bn.
More Stories
Majority of Australians think China will be world’s most powerful country by 2035, poll finds
Europe will never return to Russian gas, European Commission insists
Oil and gold prices soar and stock markets fall after Israel’s attacks on Iran