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> Allbirds is a great business They haven’t proven that. Yes, they’ve sold a lot of shoes, but they’ve never made a profit and don’t project doing so. Every m
by tyre 5y ago
> Allbirds is a great business
They haven’t proven that. Yes, they’ve sold a lot of shoes, but they’ve never made a profit and don’t project doing so.
Every money-losing company that raises money has a story of how it will become profitable. It is possible that they do, but they haven’t yet.
- mywittyname 5y agoThe company could be profitable tomorrow if they wanted to. It's not like this is some grand, new, unproven business concept, or one that is only competitive due to VC capital. They sell shoes, and they sell them at a decent profit. There are lots of large apparel companies out there making stacks of money, many of whom started off selling shoes. This is not Uber/AirBnb, it's Adidas/Puma/Nike.