Allbirds’ Dismal Preliminary Q1 Results Show Why Stakeholders Ditched the Shoe Business

Allbirds’ Dismal Preliminary Q1 Results Show Why Stakeholders Ditched the Shoe Business

Summary

Allbirds tried to sell sustainable shoes, but the fash-tech venture kept losing money so the publicly-held firm is trying its hand at AI instead.

Description

Allbirds tried to sell sustainable shoes, but the fash-tech venture kept losing money so the publicly-held firm is trying its hand at AI instead.

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