Helbiz’s third quarter earnings show a company that’s burning cash, not making revenue gains and losing riders year over year. Helbiz’s developing sports streaming business did, however, record some modest improvements.
On Monday, the micromobility SPAC released its Q3 earnings, the same day that Bird, its sole rival in the public market, did the same. Neither business is operating efficiently or doing well on the stock market. Bird acknowledged that it has overstated its income for two years and issued a warning about the developing concern. Both businesses are trading below $1, putting their stock market listings at danger.
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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.
Helbiz’s third quarter earnings show a company that’s burning cash, not making revenue gains and losing riders year over year. Helbiz’s developing sports streaming business did, however, record some modest improvements.
On Monday, the micromobility SPAC released its Q3 earnings, the same day that Bird, its sole rival in the public market, did the same. Neither business is operating efficiently or doing well on the stock market. Bird acknowledged that it has overstated its income for two years and issued a warning about the developing concern. Both businesses are trading below $1, putting their stock market listings at danger.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.
