The gig economy is a bust in the public markets

It's not just Bird, it's (almost) all of them

We talked last week about how early Bird investors are faring.

In short: not well. Bird BRDS 0.00%↑ has sunk so low in recent months that its stock ($0.37 per share as of yesterday’s close) is currently trading below the initial seed round ($0.41 per share). Private backers like Sequoia Capital, which led Bird’s C and C-1 rounds and also invested in the series D at…