Lola Murti, Gabrielle Fonrouge

Articles by Lola Murti, Gabrielle Fonrouge

Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 700% - CNBC

Business April 16, 2026

Allbirds made a surprising announcement Wednesday that it is pivoting from shoes to artificial intelligence. The move boosted shares of the miniscule market cap company it was valued at about $21 mοΏ½...