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0 0 0 0.0181159420289854 3.62318840580475E-05 0.0181159420289854 -0.000833333333333322 0.0471014492753623
Stock impact report

American Exchange Is Set to Acquire Allbirds for $39 Million. Here's What Investors Need to Know. [Yahoo! Finance]

Allbirds, Inc. (BIRD) 
Company Research Source: Yahoo! Finance
The once-promising footwear maker said after hours Monday that it would sell itself to American Exchange, the owner of Aerosoles, for just $39 million, or roughly ten times less than what it raised in its IPO. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » The decision closes the book on one of the biggest collapses in recent stock market history as Allbirds was worth $4 billion at one point, shortly after its IPO in Nov. 2021. Allbirds stock was down sharply for most of the session after the news came out, but closed up 1%. The price includes all of Allbirds' intellectual property and certain other assets and liabilities, such as inventory. The company made several errors that torched the business and the stock. It expanded its product line too quickly, getting away from its core "wool runner" shoe and dilu Show less Read more
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