Bird tells SEC it overstated revenue for two years

Micromobility company Bird said Monday it had overstated its revenue for more than two years by recognizing unpaid customer rides.
Bird’s audit committee found on Friday that the company’s financial reports spanning the first quarter of 2020 through the second quarter of 2022 “should no longer be relied upon,” according to a U.S. Securities and Exchange Commission (SEC) filing.
The committee discovered the discrepancy while preparing Bird’s financial statements for the quarter ended September 30, 2022. The Santa Monica–based e-scooter and e-bike sharing company also said it will delay filing i

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