because it's an indicator of future profit stemming from growth that may be the cause of the spending.

it doesn't always work out that way, but it has sometimes in the past for big payouts, so it's a common strategy and economic forecast indicator.

you gotta burn cash to grow. Maybe this will lead to bird developing Bird Web Services and eventually making a ton of money each quarter. It worked for Amazon :)

Burning cash to grow worked for Amazon because distribution/logistics is a business that has a fundamental relationship between scale and costs.

Bird, Scoot, Uber, Lyft and everybody else has yet to demonstrate that by scaling dramatically that they lower their costs enough to break even, much less generate SaaS margins.

Until then... They are highly speculative businesses.

That’s totally different. Amazon could have been profitable any time they wanted; they chose to reinvest for growth instead. Not all losing money is the same!

I don't know, man. Ask Uber, lol