Allbirds
Shoe company that famously pivoted to AI to boost its stock.
First Mentioned
6/6/2026, 5:26:13 AM
Last Updated
6/6/2026, 5:28:44 AM
Research Retrieved
6/6/2026, 5:28:44 AM
Summary
Allbirds is an American company, originally founded in 2015 by Tim Brown and Joey Zwillinger, that gained fame for its sustainable, minimalist footwear and apparel, particularly its merino wool Wool Runners which became a fad in Silicon Valley. Headquartered in San Francisco, the company went public in November 2021 but subsequently struggled with poor sales and executive turnover, leading to a Nasdaq non-compliance notice in April 2024. In a dramatic shift, Allbirds sold its shoe business and assets to American Exchange Group for $39 million in March 2026 and announced a pivot to providing artificial intelligence computing infrastructure under the planned new name NewBird AI, a move that drew both stock market volatility and skepticism from industry commentators.
Referenced in 1 Document
Research Data
Extracted Attributes
Founders
Tim Brown, Joey Zwillinger
Headquarters
San Francisco, California, United States
Stock Symbol
BIRD (NASDAQ)
Inception Date
2015
Peak Valuation
Approximately $4 billion
Asset Sale Price
$39 million
Timeline
- The company, formerly known as Bozz, Inc., officially changed its name to Allbirds, Inc. (Source: Yahoo Finance)
2015-12-01
- Allbirds introduced its debut shoe made with merino wool, which became an instant success. (Source: CNBC)
2016-03-01
- Allbirds went public on the Nasdaq stock exchange. (Source: Wikipedia)
2021-11-03
- Allbirds received a non-compliance notice from Nasdaq for its stock price performing below $1 for over 30 consecutive days. (Source: Wikipedia)
2024-04-08
- Allbirds announced the sale of its shoe business, trademarks, and all assets and liabilities to American Exchange Group for $39 million. (Source: Wikipedia)
2026-03-30
- Allbirds announced a pivot to providing computing infrastructure for artificial intelligence, with plans to rename itself to NewBird AI. (Source: CNBC)
2026-04-15
Wikipedia
View on WikipediaAllbirds
Allbirds is an American publicly traded company headquartered in San Francisco, California. It sells footwear and apparel and was co-founded in 2015 by Tim Brown and Joey Zwillinger. It is known for their minimalist designs, association with environmental, social, and governance (ESG) principles, and Silicon Valley. Its business model has primarily relied on direct-to-consumer commerce through its website and brick and mortar stores, although the company had begun to decrease its brick and mortar presence by 2023. Allbirds was founded through an initial fundraising of US$119,000 on Kickstarter and has based its corporate identity on sustainability. Since the 2020s, the company has been criticized by legal scholars for greenwashing after a case about their reporting of carbon offsets was dismissed. During the mid-to-late 2010s, Allbirds footwear became a fad among tech workers in major American cities and were worn by Barack Obama and Leonardo DiCaprio. Allbirds went public on November 3, 2021, but experienced poor sales soon afterwards; executive turnover followed the company through the end of 2024. On April 8, 2024, the company received a non-compliance notice from Nasdaq for performing below $1 for over 30 consecutive days. On March 30, 2026, Allbirds announced that it was selling its shoe business, trademarks and all assets and liabilities to American Exchange Group for $39 million. Two weeks later, the company announced it would be pivoting to providing computing infrastructure for artificial intelligence, with plans to rename itself to NewBird AI.
Web Search Results
- Allbirds - Wikipedia
( Allbirds is an American publicly traded company headquartered in San Francisco, California. It sells footwear and apparel and was co-founded in 2015 by Tim Brown "Tim Brown (footballer)") and Joey Zwillinger. It is known for their minimalist designs, association with environmental, social, and governance (ESG) principles, and Silicon Valley. Its business model has primarily relied on direct-to-consumer commerce through its website and brick and mortar stores, although the company had begun to decrease its brick and mortar presence by 2023. [...] Allbirds was founded through an initial fundraising of US$119,000 on Kickstarter and has based its corporate identity on sustainability. Since the 2020s, the company has been criticized by legal scholars for greenwashing after a case about their reporting of carbon offsets was dismissed. During the mid-to-late 2010s, Allbirds footwear became a fad among tech workers in major American cities and were worn by Barack Obama and Leonardo DiCaprio. Allbirds went public on November 3, 2021, but experienced poor sales soon afterwards; executive turnover followed the company through the end of 2024. On April 8, 2024, the company received a non-compliance notice from Nasdaq for performing below $1 for over 30 consecutive days. [...] The company began with the Wool Runners casual sneakers.( During its first year in business, Allbirds raised $7.25M from investors who included Maveron and Lerer Hippeau Ventures.( Articles in publications such as _Time "Time (magazine)")_ and _The New York Times_ were described as the company "having a good publicist" by Jordyn Holman and Matthew Townsend of Bloomberg News.(
- Allbirds, Inc. (BIRD) Stock Price, News, Quote & History
- Best travel gifts - Best gifts for mother-in-law - Best anniversary gifts for wife + Stores - Amazon - Best Buy - Coach Outlet - Home Depot - Kate Spade New York - Lowes - Macy's - Nordstrom - Sephora - Sur La Table - Target - Ulta - Walmart - Wayfair - Zappos + Shopping guides - Best cordless stick vacuums - Best water bottles - Best vacuums - Best air fryers - Best luggage - Best jeans - Best bras - Best nontoxic nail polish - Best under eye cream - Best skin tightening creams - Best coffee makers - Best comforters - Best mops - Best Hoka shoes for walking - Best instant pot + Deals + Toys and games + General Food Travel Autos [...] Allbirds, Inc. provides footwear and apparel products in the United States and internationally. The company offers a range of lifestyle products for men and women, as well as footwear and secondary apparel, such as classic tees, sweats, socks, and underwear. It sells its products through its e-commerce and third-party marketplace site, distributor and third-party retail partners, and physical retail channels. The company was formerly known as Bozz, Inc. and changed its name to Allbirds, Inc. in December 2015. Allbirds, Inc. was incorporated in 2015 and is headquartered in San Francisco, California. www.allbirds.com 362 ### Full Time Employees December 31 ### Fiscal Year Ends Consumer Cyclical ### Sector Apparel Retail ### Industry More about Allbirds, Inc. ### Recent News [...] + Toys and games + General Food Travel Autos + EV and future tech + Classic and collector + Deals and buying guides + Ownership + Safety and recalls + Policy and environment + New vehicles and reviews + Auto shows + General + People and culture Gift ideas Buying guides
- Allbirds Review 2026: the Most Comfortable Shoes We've Ever Worn
Allbirds Women's Wool Runner NZ $66 $110 Save 40% View at Allbirds "Over the years, Allbirds' constant innovation has led to more advanced footwear and styles for nearly every facet of life. While it's been great to see the massive expansion in its product line-up, the Wool Runner NZ ($110) is a breath of fresh air for those who fell in love with the brand for its original Wool Runners ($100). The formula is simple — a sleeker wool upper, memory foam insoles, and Allbirds' proprietary sugarcane-based SweetFoam midsoles — and the results are an incredibly comfortable shoe. [...] Since 2016, Business Insider's Reviews team has reviewed nearly everything Allbirds makes. Overall, we've found each of its minimalist designs to be breathable, lightweight, low-maintenance, and unapologetically comfortable, but there are some noteworthy nuances to each pair. Some styles have been phased out, but you can check out the brand's design archive by shopping secondhand via Allbirds ReRun. Below, you'll find the full range of our Allbirds reviews with firsthand insight on what to expect from each style. ### The top 3 Allbirds shoes we tested: allbirds tree breezer beige Allbirds Men's Tree Runners $80 $100 Save 20% A thoughtfully crafted shoe that’s light and breezy. It offers comfort and is ideal for every escapade with its cooling design. [...] Allbirds Tree Dasher 2 Allbirds Women's Tree Dasher 2 $94 $135 Save 30% View at Allbirds Allbirds Tree Dasher 2 Allbirds Men's Tree Dasher 2 $94 $135 Save 30% View at Allbirds The second-gen version of Allbirds' first-ever performance shoe is the Tree Dasher 2 (starting at $94), which we recommend for runners that prefer a seamless fit around the ankles. The Dasher leverages all of Allbirds' sustainable materials into one shoe: Merino wool, SweetFoam soles, and a knit upper made from eucalyptus pulp. Its base provides better stability than many neutral pairs we've tried, while the knit upper allows the foot to move freely. However, while the knit also facilitates airflow, the Dasher is a smidge hotter than our personal favorite neutral sneakers.
- Allbirds pivots from shoes to AI, BIRD stock soars
WATCH LIVE Key Points Allbirds announced that it is pivoting from sustainable shoes to artificial intelligence. The company, valued at around $4 billion at its peak, sold its intellectual property and other assets two weeks ago for $39 million. The shoe company had a market cap of about $21 million Tuesday, which climbed to $148 million on Wednesday. In this article BIRD Tim Brown, co-founder and co-chairman of sports shoe manufacturer Allbirds, speaks on stage at the OMR Festival digital trade show, May 10, 2023. Marcus Brandt | Picture Alliance | Getty Images Allbirds made a surprising announcement Wednesday that it is pivoting from shoes to artificial intelligence. [...] There's a history in the stock market of troubled companies pivoting to the hot industry of the moment in order to garner interest. During the bitcoin boom, several companies announced a blockchain tie-in or converted outright to a cryptocurrency company to reignite interest in their stock. Allbirds was founded in 2015 by former professional soccer player Tim Brown and renewable resources expert Joey Zwillinger to create a new category of shoes that relied on natural materials, not plastics and other petroleum products. In 2016, Allbirds introduced its debut shoe, made with merino wool, and became an instant success, particularly among "tech bros" who were drawn to the brand's comfort and sustainability. [...] The move boosted shares of the miniscule market cap company — it was valued at about $21 million at Tuesday's close — by 582%. The shares, which were under $3 a day ago, jumped to about $17. The company announced that it's pivoting its business to AI compute infrastructure in a release posted to its investor relations page. The company, which according to the release will be called NewBird AI, announced a deal to raise up to $50 million in funding, expected to close in the second quarter of 2026. "The Company will initially seek to acquire high-performance, low-latency AI compute hardware and provide access under long-term lease arrangements, meeting customer demand that spot markets and hyperscalers are unable to reliably service," the company said in the announcement.
- Allbirds: Comfortable, Sustainable Shoes & Apparel
Shop Now Wear All Day Comfort Lightweight, bouncy, and wildly comfortable, Allbirds shoes make any outing feel effortless. Slip in, lace up, or slide them on and enjoy the comfy support. Sustainability In Every Step From materials to transport, we’re working to reduce our carbon footprint to near zero. Holding ourselves accountable and striving for climate goals isn’t a 30-year goal—it’s now. Materials From The Earth We replace petroleum-based synthetics with natural alternatives wherever we can. Like using wool, tree fibre, and sugarcane. They’re soft, breathable, and better for the planet—win, win, win. ### Where are we shipping to? Purchasing from your country's website is the best way to connect your feet to the world's most comfortable shoe. [...] Women's Allbirds Flip Flop - Dusty Pink Women's Dasher NZ - Dusty Pink (Warm White Sole) Men's Dasher NZ - Seagrass (Parchment Sole) Women's Varsity Airy - Auburn (Natural White Sole) Men's Varsity Airy - Mid Yellow (Blizzard Sole) Men's Runner NZ Slip On - Anthracite (Dark Anthracite Sole) Men's Cruiser Slip On - Burnt Olive (Natural White Sole) Men's Allbirds Slide - Verdant Green Women's Varsity - Syrah (Natural White Sole) Men's Varsity - Mushroom (Blizzard Sole) Women's Dasher NZ - Light Burnt Olive (Natural White Sole) Men's Dasher NZ Relay - Mushroom (Natural White Sole) Women's Breezer Point - Mushroom (Dark Cocoa Sole) Men's Varsity Cruiser - Light Burnt Olive (Light Gum Sole) Women's Tree Glider - Warm White/Multi (Natural White Sole) [...] Free shipping and returns on orders over £50. ## Added to Cart Spend more to earn free shipping! Shipping $5.00 Subtotal The New canvas cruiser Collection # Bold By Nature Shop Men Shop Women ## New Arrivals Shop Men Shop Women ## Mens Shop Men ## Womens Shop Women ## Bestsellers Shop Men Shop Women Women's Tree Breezer - Mushroom (Mushroom Sole) Men's Tree Runner - Navy Night (Dark Navy Sole) Men's Dasher NZ - Blizzard/Deep Navy (Blizzard Sole) Men's Tree Runner NZ - Dark Navy (Blizzard Sole) Women's Breezer Point - Natural Black (Natural Black Sole) Men's Cruiser Terralux™ - Anthracite (Dark Gum Sole) Women's Cruiser Canvas - Blizzard (Blizzard Sole) Women's Varsity - Multi (Natural White Sole)
Wikidata
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Country
Founder
Instance Of
Headquarters
Inception Date
1/1/2014
DBPedia
View on DBPediaLocation Data
Allbirds, 46, Marylebone High Street, East Marylebone, Marylebone, City of Westminster, Greater London, England, W1U 5HN, United Kingdom
Coordinates: 51.5214485, -0.1517303
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