Allbirds is making a dramatic shift that is capturing attention across both the fashion and tech industries. The company, once known for its eco-friendly sneakers, is now pivoting toward artificial intelligence infrastructure, a move that has already sent its stock sharply higher. Shares of the company surged more than 400 percent following the announcement, reflecting…
Allbirds
Allbirds agrees to sell its assets to American Exchange Group for $39M
Allbirds is entering a defining moment in its business journey, taking concrete steps toward winding down operations after years of building a recognizable name in sustainable fashion. The company has agreed to sell substantially all of its assets in a deal valued at $39 million, marking a significant shift in its future direction. The agreement…