Allbirds announced a switch from shoes to AI and its stock jumped 600 percent
The Verge AI
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Generative AI
Allbirds had a hit a decade ago with its Wool Runner shoes, but after a $4B IPO in 2021, the business never turned a profit, and sales dropped nearly 50% between 2022 and 2025. The company recently announced it would sell off its name and assets for $39M to American Exchange after