The $39 Million Shoe Company Allbirds Turned Into An AI Stock
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
Allbirds, a shoe company, is reportedly pivoting to focus on artificial intelligence. The company's stock has surged, with some outlets reporting gains of over 700%, although the exact percentage increase is unclear, with other reports citing a 350% gain. The company's valuation had previously dropped significantly, from billions of dollars to $39 million, before the announced pivot to AI.
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