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Andrew J. Hawkins
The future of Bird’s electric scooter operation is in doubt.

Bird issued a “going concern” warning last night, disclosing that it may not have enough money to keep going for another 12 months. The warning came hours after the scooter company admitted to the SEC that it had overstated its revenue for two years and that its financial reports from 2020 and 2021 can “no longer be relied upon,” And its stock price is still trading under $1-per-share, putting Bird at risk of being delisted. What a crummy week for the scooter sharing pioneer.

Bird Announces Third Quarter 2022 Financial Results

[Bird Global, Inc.]

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