Matt Turck(@mattturck):Fascinated by Lime going public - in an age where AI gets all the attention, how does a scooter company with $1B in debt pull off a successful IPO literally after expressing "substantial doubt" that they might not even survive the year? * Impressive financial engineering - the IPO paid off the toxic loans and converted the rest to equity, so the slate is clean * Uber owns 22% of Lime and refers riders directly to Lime, so obviously a great backstop and partner * They've actually been FCF positive for 3 consecutive years with revenue growing nearly 30% YoY * Something about being the last man standing and surviging the micromobility bloodbath (RIP Bird). Never give up!

2026.07.01 20:38

Fascinated by Lime going public - in an age where AI gets all the attention, how does a scooter company with $1B in debt pull off a successful IPO literally after expressing "substantial doubt" that they might not even survive the year? * Impressive financial engineering - the IPO paid off the toxic loans and converted the rest to equity, so the slate is clean * Uber owns 22% of Lime and refers riders directly to Lime, so obviously a great backstop and partner * They've actually been FCF positive for 3 consecutive years with revenue growing nearly 30% YoY * Something about being the last man standing and surviging the micromobility bloodbath (RIP Bird). Never give up!