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Allbirds, Once Silicon Valley’s Favorite Shoe, Sells for $39 Million

The New York Times·Mar 31

✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source

Allbirds, a shoe company once popular in silicon valley, has been sold. The sale price was $39 million. The company's status as a former favorite among silicon valley residents is noted.

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This Californian shoe company was once worth billions. It just sold for $39 million

Los Angeles Times·Apr 1

Trendy tech bro sneaker brand Allbirds — once worth $4B — sells assets for chump change

New York Post·Mar 31

The rise and fall of Allbirds: The sneaker company, once valued at $4 billion, just sold for $39 million

Business Insider·Mar 30

After sale of its shoe business, Allbirds pivots to AI

TechCrunch·Apr 15

The $4 Billion Tech-Shoe Collapse: How a Silicon Valley Darling Lost 99 Percent of Its Value

inc.com·Mar 31

View original report at The New York Times ↗

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