Welcome to the Tech Meme Ride Home for Tuesday, June 12th, 2018. I'm your host Brian McCullough.

Today, e-sccoaster evaluations explode.

Facebook turns in its homework,

Microsoft's next Xbox is coming in 2020,

how Netflix is winning,

and the dreaded 51% attack explained.

Here's what you missed today in the world of tech. Why have I been obsessed with the e-scooter space?

Well, it's because of headlines like this.

Sources are telling Axios' Dan Premek that E-Sooter Company Bird is seeking to raise around

$200 million in new funding at a $2 billion valuation.

Now just weeks ago Bird bird raised a hundred and fifty million dollars at a one

billion dollar valuation and just three months ago bird raised money at a three

million dollar valuation so in three months at a $300 million valuation.

So in three months, Byrd went from a valuation of $300 million to now $2 billion.

As Premac says in the piece, quote,

venture capitalists have never before participated

in such a rapid and rocketing price spike, end quote.

And as I said on yesterday's show,

investors must be seeing some great unit economics and some

pretty fat margins on these scooter rentals or else it's just all about creating that

comprehensive transportation ecosystem. There have been rumors floating around that Bird rival Lyme was

looking to raise at a 750 million dollar valuation and as Premac later

...