Allbirds stock soars after name change and CEO hire in AI pivot
Sign on facade at shoe company Allbirds, Walnut Creek, California, August 25, 2025.
Smith Collection | Archive Photos | Getty Images
Allbirds is part of the new wave of companies embracing AI to take advantage of the tech boom sparked by ChatGPT’s introduction in late 2022. Following Allbirds’ rebrand, social media platform provider Myseum also made the shift to AI.
Shifting focus to new tech trends is not uncommon on Wall Street. Many companies introduced their own cryptocurrencies or transitioned to blockchain during the crypto craze.
AI infrastructure company CoreWeave, which went public last year, initially started in crypto mining before successfully pivoting to AI.
Founded in 2015 by former professional soccer player Tim Brown and renewable resources expert Joey Zwillinger, Allbirds aimed to create sustainable shoes from natural materials. The company launched its first shoe a year later and quickly became a household name.
In 2021, Allbirds went public on the Nasdaq and saw a 90% surge in its market debut. The company also expanded its physical store presence rapidly.
However, over the years, Allbirds’ shares have dropped nearly 99% from a high of $577.80 in November 2021 due to increased competition and changing trends.
BIRD stock year-to-date stock chart.
