Allbirds shares surge after pivot from footwear to AI

Shoe brand Allbirds saw its shares rise by 580% after announcing a strategic pivot from footwear to providing technology infrastructure, selling off its shoe brand.

16 Apr, 01:58 — 16 Apr, 01:58

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BBCHigh140d ago

Shoe brand Allbirds' shares rise 580% after it pivots from footwear to AI

The company is selling off its shoe brand as it plans to shift to providing technology infrastructure.

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Allbirds shares surge after pivot from footwear to AI

Sources

Shoe brand Allbirds' shares rise 580% after it pivots from footwear to AI

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