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of course this counts. scooters were viewed at the next Uber in 2017-2018 with massive amounts of funding from well known VCs.

and yes I realize the majority of SPACs were pre-product scams.

It doesn’t. But if it did, I would still say the collapse wasn’t due to interest rate hikes but rather from increasing regulation banning these scooters from major cities and from a flood of cheap competitors.

I still see people riding rental electric scooters all over most major cities. Seems like a viable business, although mostly commoditized now.

"it doesn't because i said so!"

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