Howdy and welcome again to our common morning view of personal corporations, public markets and the grey space in between.

1,000,000 {dollars} just isn’t cool. Have you learnt what's cool Constructive adjusted EBITDA or comparable.

That is the information from the scooter unicorn limewho introduced this week that it was 14% of the workforce fired and shut a dozen markets. The downsizing, Numbering over 100, as the corporate has touted its efforts to enhance profitability, together with setting objectives for attaining capital freedom and highlighting the difficulty in a latest company weblog submit.

(Bird, on lime Rivals too Subjected to layoffs this 12 months.)

What's occurring? Unicorns that had been as soon as hungry for development now wish to present present (and future) traders that their companies will not be unprofitable marshlands. Profitability or motion on this path is scorching and lime is an efficient instance of this development – as it’s Getaroundwho additionally wrote about his personal layoffs this week. Let's dive in

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