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Event Brief

Allbirds' Market Cap Plummets to $39 Million

Allbirds' market cap fell dramatically from $4 billion at IPO to just $39 million.
WHO: Allbirds
WHAT: Market cap decline
WHEN: Mar 31, 2026 at 2:20 PM ET
WHERE: USA
WHY: The company's market cap reached a high of more than $4 billion on its first day of trading, but never again came close to that.
Sources (1): MarketWatch

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