Electric scooter company Bird said Wednesday it has filed for bankruptcy protection, another sign that this segment of personal transportation is beginning to lose its luster. Bird's interim chief executive, Michael Washinushi, will remain in post as the company works on a turnaround plan that could include the sale of assets. But Bird's losses increased greatly, And the company was delisted from the New York Stock Exchange in September. Bird scooters can be found in more than 350 cities from Rome to San Francisco. (The firm's Canadian and European businesses are not part of the bankruptcy, Bird said, and will continue to operate as normal.)

Source: New York Times December 20, 2023 14:28 UTC