Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 600%

Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.

Apr 15, 2026 - 21:14
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Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 600%
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.

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