Wildcard: Bird is the Word?

Industry Focus

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4.6 • 854 Ratings

🗓️ 17 November 2021

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

We get a first look at recent SPAC debut Bird Global, the company known for its e-scooters and last mile mobility options.We talk through how changes to the company's fleet management has dramatically changed the Bird's financials over the past few years and how the company stacks up to more robust mobility offerings from Lyft and Uber.

Stocks: BRDS, UBER, LYFT

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Transcript

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0:00.0	Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.
0:11.0	I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyple. I'm Dylan Lewis. And today
0:16.0	we're talking financials. Today we're talking consumer goods. Wild Card Wednesday.
0:20.4	And we're talking energy. And today we're talking tech.
0:23.0	Let's dive in.
0:24.0	It's Wednesday, November 17th,
0:28.0	and we're catching up on the debut of Bird.
0:31.0	I'm your host, Dylan Lewis, and I'm joined by Fool.com's phantom boss of bulldozing busy busted bikes. Brian for Rollie. Brian, how's it going?
0:39.8	I really struggled with that last word there, bikes. I wanted to fit scooters in somehow but it just didn't start with a B Dylan
0:46.5	I think with alliteration people can usually tell where we're heading with an episode right in this case we're talking about Bird Global, a business that I think probably
0:56.1	some listeners, especially if they live in a major U.S. city, have probably interacted with.
1:01.7	I actually got to go on a bird scooter for the first time about a month ago, so this is one of the companies that I've actually had experience with firsthand, even though I myself live in the suburbs and I checked my app this
1:15.3	morning there are no bird scooters within anywhere close to me but I did have an
1:20.0	experience and I got to go on a roughly 10 mile trip on a bird bird scooter. an experience.
1:27.0	Yeah, these scooters and really this business model became super popular, really burst out onto the scene a couple years ago
1:34.3	and Byrd is one of the companies that's really synonymous with the e-Scoater rental market just for a little
1:40.3	background on folks for folks who maybe aren't as familiar with this business.
1:45.0	Known primarily for these e-scooters that you will see in these major metropolitan areas.
1:49.0	They came public via a SPAC earlier this month at roughly a $2 billion valuation.
1:55.0	Brian currently in over 350 cities and boasts over 100 million rides to date.
2:02.0	Those are staggering numbers for a company that's
2:03.7	only been around for a couple years. They really are and this company with
	...

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