Allbirds announced a switch from shoes to AI and its stock jumped 600 percent
Allbirds had a hit a decade ago with its Wool Runner shoes, but after a $4 billion IPO in 2021, the business never turned a profit, and sales dropped nearly 50 percent between 2022 and 2025.
The company recently announced it would sell off its name and assets for $39 million to American Exchange after […]
Allbirds pivots to AI infrastructure
- Allbirds was founded with a focus on environmental conservation. Its pivot to AI is leaving that behind. Business Insider —
- Allbirds soars after sneaker firm rebrands as AI stock The Straits Times —
- Allbirds shares soar after pivot from footwear to AI BBC News —
- Once regarded as Silicon Valley's favourite shoe brand, Allbirds now says it's an AI company and Wall Street can't stop smiling as stock jumps 876% in one day Times Of India —
- Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I. The New York Times —