Bird E-Scooter Company Files for Chapter 11 Bankruptcy, Secures $25 Million Loan for Restructuring

Bird E-Scooter Company Files for Chapter 11 Bankruptcy, Secures $25 Million Loan for Restructuring

So, after giving the boot to a bunch of its team last year, Bird, the e-scooter rental folks, just dropped the bombshell – they’ve filed for Chapter 11 bankruptcy. But hey, it’s not all doom and gloom. The cool part is that their existing money buddies are swooping in to buy up their stuff, and they’ve got a sweet $25 million loan from Apollo Global Management (you know, the peeps who own Yahoo and Engadget) to keep things rolling, as spilled by The Wall Street Journal.