Bird Global, Inc. BRDS

„Bird's total number of rides did increase, but so did the sheer number of vehicles Bird put on the ground. Bird had 109,900 vehicles deployed in the second quarter of 2022, compared to 69,500 last year and 78,900 last quarter, which actually shows an alarming drop in rides of nearly 20% per vehicle.”

The increase of vehicles deployed doesn’t happen overnight. It is a gradual process extended over the entire quarter. One should use averages to carry out proper analysis. And if we take average quarterly number of vehicles deployed, the numbers look completely differerent and more positive.

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