Allbirds (BIRD) agreed to sell its assets and IP to American Exchange Group for $39 million, down from a $4 billion valuation in November 2021, with the deal expected to close in Q2 2026 and shares ...

Forbes contributors publish independent expert analyses and insights. Clara covers consumer brands shaping tomorrow's retail landscape. Sign on facade at shoe company Allbirds, Walnut Creek, ...

Allbirds rebranded to NewBird AI and the stock jumped 600%. The dot-com crash and the NFT collapse ran the same script, and ...

In addition to the business pivot, Allbirds, known for its wool sneakers, announced a name change Allbirds plans to rebrand as NewBird AI and focus on AI compute infrastructure instead of footwear The ...

Allbirds announced that it is pivoting from sustainable shoes to artificial intelligence. The company, valued at around $4 billion at its peak, sold its intellectual property and other assets two ...

Shares of Allbirds, the 2010s pioneer of trendy sneakers and eco-conscious Millennial marketing, took flight in an almost comical fashion Wednesday morning after the company announced an extremely ...

You're currently following this author! Click to unsubscribe from email alerts. Chief correspondent and co-author of VC Insider A few years ago, Allbirds was Silicon Valley's favorite sneaker company.

The shoe brand that was once a favorite of the Silicon Valley tech scene is moving away from footwear and onto what its wearers have been obsessing over the most: AI. Allbirds announced on Wednesday ...

Allbirds co-founder Tim Brown is transitioning to CIO as the company seeks to take flight again. (Photo by Marcus Brandt/picture alliance via Getty Images) It’s been another discombobulating week in ...

Get full access to The Daily Beast for $1 Allbirds’ new Pacer sneaker (available in men’s and women’s sizes) is available in plant-based leather or canvas. Scouted/The Daily Beast/Aillbirds. If you’ve ...

Dubbed the “perfect” shoes for commuters and travelers, the Wool Runners won over our staffers long ago. The brand’s latest move now looks to elevate one of the most comfortable shoes we’ve come ...