I kind of scratch my head sometimes on micromobility, because every dollar [these companies] earn, they burn three or four. You’ll never make it up in volume. [Bird (Switchback II (NYSE:SWBK) and Lime] have raised a billion dollars and ... every month they burn substantial money ... the jury is still out on those kick scooters. You've seen companies like Lime shuffle their C-suite a couple of times already since they started. And even though they’ve raised ... a billion dollars or so, which is no easy feat … they haven't yet proven that they can sustain their business 12 months out of a year.
What you see [is] a lot of seasonality to it. In the warm weather months, business is very good, but then the rest of the year, it’s okay ... or a loss. And so they really have to transform their business models into, you know, more than just providing transportation services. Uber (NYSE:UBER) is a perfect example of a company that's done that with Uber Eats. Micromobility companies have to figure out where they fit in the ecosystem of door dashers and and things like that, because you can't just expect that, you know, four months out of the year when the weather [is] good, you can make enough money to justify [the] business for 12 months a year.