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Allbirds, Once Valued at $4 Billion, Sells Assets for Next to Nothing Amid Market Cap Plummet
Allbirds, the Silicon Valley-backed shoe company once valued at $4 billion, has sold its assets for a minimal amount, struggling to capture a wide customer base and turn a profit, with its market capitalization plummeting from a $2.2 billion IPO to just $39 million.
31 Mar, 18:13 — 31 Mar, 19:51
The Story
Analyzing sources…
Source Diversity
Source Diversity
High (51/100)3 sources25/33
Spectrum spread— 3/5 buckets covered17/33
Far L1
Far Left (1)
NYT
Left
Center1
Center (1)
nz-herald
Right1
Right (1)
wsj
Far R
Geographic diversity— 2 regions9/34
US2New Zealand1
Sources
Showing 3 of 3 sources
NYTMostly Factual130d ago
Allbirds, Once Silicon Valley’s Favorite Shoe, Sells for $39 Million
Despite once being valued at $4 billion, the company that made sneakers from Merino wool struggled to capture a wide customer base and turn a profit.
By Kim Bhasin
Read full article →wsjHigh130d ago
Allbirds, Once Valued at $4 Billion, Just Sold Its Assets for Next to Nothing - WSJ
Allbirds, Once Valued at $4 Billion, Just Sold Its Assets for Next to Nothing WSJ
Read full article →nz-heraldMostly Factual130d ago
Allbirds, once worth $7b, sells for peanuts - NZ Herald
Allbirds, once worth $7b, sells for peanuts NZ Herald
Read full article →Coverage Timeline
First report: NYT · 31 Mar, 18:13|Full coverage: 3 · 2h|Window: 2h
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