Allbirds, the plainspoken and washable woolen sneaker that doubles as the de facto San Francisco tech bro shoe of choice, is faltering big a year after it went public on the stock market.
Following a disappointing earnings report Thursday — in which the San Francisco-based company failed to meet investor expectations and revenue dropped 13% year over year — Allbirds’ stock plummeted to a near-record low since going public.
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