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Allbirds Sinks as 582% AI Surge Comes to Screeching Halt

Shares of the firm, which announced plans to rebrand itself as NewBird AI, sank as much as 31 percent on Thursday.
Two sock-like Mo.onshot sneakers arranged on a mossy bed.
Nearly 300 million shares of Allbirds exchanged hands on Wednesday, several times the daily average of just over 20 million. (Allbirds)

Allbirds Inc.

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