Bird lays off up to 5% of workforce

Re:Bird lays off up to 5% of workforce by yumraj on Thursday March 14, 2019 @10:31PM (#19395927)

I've said it before and I'll say it again, the only ones making money and going to make money are the manufacturers in China. VCs, U.S. or otherwise, are simply sending their LPs money there.

This is food delivery app, photo sharing app, social media app and so and so forth, all over again.

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Re:Bird lays off up to 5% of workforce by smt88 on Thursday March 14, 2019 @10:39PM (#19395965)

Don't forget meal kits. The unit economics never work for a startup with no infrastructure.

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Re:Bird lays off up to 5% of workforce by kenneth on Thursday March 14, 2019 @11:08PM (#19396095)

VCs will be fine. The real test will be after those companies go public.

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Re:Bird lays off up to 5% of workforce by sk5t on Friday March 15, 2019 @12:43AM (#19396649)

Do you seriously believe public markets would be kind to these companies in the foreseeable future?

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