Jan 27, 2020

Bird acquires European scooter startup Circ

Photo: Gerard Julien/AFP/Getty Images

Bird has acquired European scooter rental rival Circ, founded by Delivery Hero co-founder Lukasz Gadowski, and has raised an additional $75 million for its Series D round (for a total of $350 million). Bird's pre-money valuation remains $2.5 billion, per a source.

Why it matters: After a growth-at-all-costs first couple of years, scooter companies now have to build a sustainable business, continue to expand, and cut their losses if it's not working. And the deal could give Bird a leg up in winning over European regulators by partnering with a local company.

The Financial Times first reported the companies were in talks for a deal.

Go deeper

Robert O'Brien: "I don't think there's systemic racism" in law enforcement

White House national security adviser Robert O'Brien said on CNN's "State of the Union" that he doesn't believe there is "systemic racism" among law enforcement in the U.S., arguing that there's "a few bad apples" that are giving police a bad name.

Why it matters: The mass protests that have swept across the United States are not just a response to the death of George Floyd, but of the dozens of high-profile instances of unarmed black men dying at the hands of police officers over the years.

Atlanta mayor on Trump's riot response: "He speaks and he makes it worse"

Atlanta Mayor Keisha Lance Bottoms responded on CNN's "State of the Union" Sunday to President Trump's tweets and comments about the mass protests that have swept across the United States, urging him to "just stop talking."

What she's saying: "This is like Charlottesville all over again. He speaks and he makes it worse. There are times when you should just be quiet. And I wish that he would just be quiet."

Black Americans' competing crises

Illustration: Eniola Odetunde/Axios

For many black Americans, this moment feels like a crisis within a crisis within a crisis.

The big picture: It's not just George Floyd's killing by police. Or the deaths of EMT Breonna Taylor and jogger Ahmaud Arbery. Or the demeaning of birdwatcher Christian Cooper and journalist Omar Jimenez. Or the coronavirus pandemic's disproportionate harm to African Americans. It's that it's all happening at once.