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Bird, Lime Lose D.C. Scooter Permit Contest

City regulators don’t really care how much venture capital you’ve raised. Bird and Lime, which together have raised close to $2 billion and are likely the two biggest e-scooter firms, will have to pull their scooters out of Washington, D.C., after local transportation authorities awarded permits to their rivals on Tuesday Ford-owned Spin, VC-backed Skip, Lyft and Uber-owned Jump got approval to...

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The Investors Who Face Big Losses From the Quibi Collapse
The Investors Who Face Big Losses From the Quibi Collapse

On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying ...

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