Ha - first thought come that came to my mind. I wonder if SF city council will appreciate this move. If this was a purely "permit" driven acquisition, I'm surprised Bird won the bidding price vs the larger scooter companies. If this was for the technology (including the lock), then I'd be curious if this really adds value to Bird (as a comment below explains it very well, scooters can be profitable within 2 weeks so a % of theft is acceptable)
I’d expect to see more consolidation in the market in the next few years as Bird/Lime/Uber/Lyft gobble up the smaller players.
No way they can be proftiable ın 2 weeks. Where did you read that?