Electric scooter Bird Global steers into bankruptcy protection in bid to repair its finances

MIAMI (AP) — Electric scooter company Bird Global announced Wednesday that it has filed for bankruptcy protection in an attempt to stabilize its wobbly finances. The move marks a sobering comedown for a formerly high-flying startup that was trying to make it easier to get around big cities in an environmentally friendly way with its fleet of electric scooters. The concept attracted attracted about $500 million in investments from prominent Silicon Valley venture capital firms such as Sequoia Capital and Accel Partners before becoming a publicly traded company in 2021. Now, the Miami-based company finds itself struggling to survive after losing more than $430 million since the end of 2021.