Post #1768885
2026-04-15 21:07 UTC
Truly we live in the gronkiest timeline:
“Nasdaq-listed Allbirds was founded in 2015 as a footwear and apparel company. The company originally raised money on Kickstarter, with a pitch to use Merino wool from New Zealand, launching with its Wool Runners line of sports shoes.
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@zbender@mastodon.cloud 2026-04-15 21:07
The firm went public in 2021, but has been downsizing its operations of late and closing a number of stores. Its last annual report noted the company’s ongoing losses and substantial doubts about its ability to continue as a going concern. In late March the firm announced a deal to sell its IP and most of its assets and liabilities to fashion brand management firm American Exchange Group for $39 million in a deal set to close in Q2 2026.” https://www.datacenterdynamics.com/en/news/shoe-company-allbirds-attempts-pivot-to-becoming-neocloud-gpu-as-a-service-provider/