Allbirds to sell assets and refocus on AI, shares surge 600%
Allbirds, known for its Wool Runner shoes, sells assets for $39 million.
Published 22sem2 sources✓ Confirmedupdated 4sem
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39 million
Allbirds, known for its Wool Runner shoes, sells assets for $39 million
50 %
The company, listed since 2021, has never been profitable and saw sales drop 50% between 202…
The fact
The company, listed since 2021, has never been profitable and saw sales drop 50% between 2022 and 2025.
Its stock surged 600% following the AI-focused strategic shift announcement.
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