Comment Not a pivot, a bodysnatcher (Score 4, Informative) 28
From what I understand, Allbirds sold off almost all their capital assets two weeks before, so it was just an empty husk with debts and pre-made paperwork. The last thing it sold-off was that pre-made paperwork, to some other company with a very different mission and business plan who measured it was cheaper to buy someone else's legal homework than doing it themselves.
I was at ground-zero for another company that wanted to get on the NYSE but they weren't American. They found an American corporation that was just a sheaf of papers in a shoebox, arranged for that "company" to buy this one, and boom bang whizz now this company is technically American and has a paved avenue to New York and that sweet one-time cash injection of selling public shares. The second company didn't "pivot" into a new business plan, it was merely a shell-game.