Allbirds, the once buzzy multibillion-dollar sneaker startup, is selling up for less than 1% of its 2021 valuationAllbirds, the once buzzy multibillion-dollar sneaker startup, is selling up for less than 1% of its 2021 valuation

Allbirds, the sustainable wool sneaker brand that went public at a more than $4 billion valuation just over four years ago, announced on Monday that it would sell its intellectual property and certain assets and liabilities to American Exchange Group for just $39 million. Once favored by celebrities — from brand investor Leonardo DiCaprio to pop star Camila Cabello — a series of missteps, including a failed foray into brick-and-mortar stores, has tripped up the sneaker company

I used to own shares of allbirds

But I got my XXI LEAP order filled!