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Allbirds Stock Plummets After Shoe Brand ‘Deteriorated Quickly’

A group of models are shown sitting wearing pairs of green and blue wool Allbirds runners. Only their legs are shown.
Allbirds stock plummets after shoe brand ‘deteriorated quickly.’ (Allbirds)

Allbirds Inc. sold investors on a growth story when the sneaker brand went public less than 18 months ago. Those sales gains disappeared in the fourth quarter, tanking its stock.

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