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Allbirds (NASDAQ: BIRD)

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  • Breakingviews - Tech bros give Allbirds the boot

    Breakingviews - Tech bros give Allbirds the boot

    Turns out tech bros arent as loyal to footwear and sustainable pledges as once thought. Allbirds , the seller of utilitarian sneakers made from sustainably sourced materials, lowered its sales forecast and widened its loss expectation on Monday, sending shares crashing. Like Meta Platforms and Snap , it is also cutting jobs. And at a mere $632 million, the companys prospects as a stand-alone company look to be walking out the door.

    10 Aug, 2022

    SOURCE: Reuters

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