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A pedestrian wearing a protective mask walks past an Allbirds Inc. store in San Francisco, California, U.S., on Wednesday, Feb. 17, 2021. The U.S. economy started 2021 with a bang as retail sales and factory output accelerated and expectations continue to build for another jolt of government stimulus, setting the stage for what could be the best year of economic growth in nearly four decades. Photographer: David Paul Morris/Bloomberg via Getty Images
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This Californian shoe company was once worth billions. It just sold for $39 million.

Cs news3 months ago04 mins

An Allbirds Inc. store in San Francisco. (Bloomberg ) Allbirds, an eco-friendly shoe company that won over Silicon Valley, was sold a fraction of the $4 billion it was once worth. The shoe brand said this week that it is selling all of its assets to American Exchange Group, a brand management company, for $39…

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