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Business Wars Daily

Bird Acquires Rival for Access to SF Scooter Market

Business Wars Daily

Wondery

News, Daily News, Business News, Business

4.6716 Ratings

🗓️ 17 June 2019

⏱️ 5 minutes

🧾️ Download transcript

Summary

Today is Monday, June 17, and we’re looking at Bird vs. Lime.

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Transcript

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0:00.0

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0:04.8

Join Wonderly Plus in the Wondery app or on Apple Podcasts.

0:08.5

How do I cope with waiting for results?

0:11.6

It's all I can think about.

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0:19.5

We know what goes through your head when you're living with

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cancer. The questions, the anxieties. We understand because we've been there too. If you or

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someone you care about has been diagnosed with cancer, McMillan Cancer supports online community

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can help from day one. It's a free, safe, online forum for people with cancer to connect anonymously.

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Whatever you need to ask, we're here. To join, search McMillan online community.

1:05.6

Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Monday, June 17th.

1:11.4

Electric scooters. They've been heralded by boosters as the next wave in sustainable transportation,

1:17.1

but they're also reviled for causing accidents and littering city streets.

1:22.1

And the injuries they cause aren't just on the sidewalk, just ask entrepreneurs trying to survive as the scooter industry shakes

1:28.1

out. A multitude of companies are scrapping for dominance. Uber, Lyft, Lyme, Bird, and even Automaker Ford

1:34.1

are all getting to scale as fast as they can. We may be watching the beginning of a game of musical

1:40.6

chairs in this hectic two-wheeled business. One sign that industry consolidation

1:45.6

has started, last week Santa Monica-based Bird, which is valued at more than $2 billion,

1:51.3

agreed to buy its small San Francisco rival, Scoot. Terms of the deal were not disclosed,

...

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