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Sustainable Brand "Allbirds" to Be Sold for Just $39 Million—One-Tenth of Its IPO Funding

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Sustainable Brand "Allbirds" to Be Sold for Just $39 Million—One-Tenth of Its IPO Funding

Allbirds, known for its eco-friendly shoes, will be sold for $39 million, far below its IPO funding. What led to this decline?