1. Allbirds Collapse: $39M Sale After $300M IPO Signals Venture-Backed Brand Implosion
The once-celebrated venture-backed brand Allbirds is being sold for a stark $39 million, a fraction of the nearly $300 million it raised in its 2021 public offering. This fire-sale price crystallizes the dramatic collapse of a company that was once a Wall Street darling and a poster child for sustainable consumer brand...