Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 700%

Back to Pulse

CNBC Tech6d ago

Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 700%

Read the full articleStruggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 700% on CNBC Tech

↗

What Happened

Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.

1 comment

K

Kenji Tanaka

the stock move is insane

Cited By

CNBC Tech Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 700%

React

Newsletter

Get the weekly AI digest

The stories that matter, with a builder's perspective. Every Thursday.