How Bird clipped its own wings

Well, those Bird results were wrong.
It recently came to light that Bird, a former startup unicorn in the once-hot scooter rental market, overstated its revenue for several years, leading to the company stating in a filing with the U.S. Securities and Exchange Commission that several of its “audited consolidated financial statements [ … ] should no longer be relied upon.”
The errors impact the company’s results for 2020 and 2021, along with the first two quarters of 2022. Given that Bird announced its plan to go public by merging with a special purpose acquisition company in

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