[BUSINESS]■ STORY TIMELINE
ALLBIRDS PIVOTS TO AI, STOCK SURGES 600%
Allbirds announced a strategic shift from footwear to artificial intelligence, triggering a dramatic 600% stock jump. The struggling shoe company will leverage its public shell after selling its brand and assets for $39 million.
The Verge+0m
Allbirds had a hit a decade ago with its Wool Runner shoes, but after a $4 billion IPO in 2021, the business never turne…