Online sneaker seller Allbirds’ revenue grew 33% year-over-year to $63 million in the third quarter of the year, an improvement from the 18% growth rate the company reported in the first quarter. But the company said it expects sales growth to slow to between 13%-16% in the fourth quarter. The slower sales growth forecast sent Allbirds stock falling around 6% in after-hours trading. ...
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Lessons From the Last Three Years of IPOs
Talk about hangovers in the wake of initial public offerings! It’s a telling sign when you have to go back to 2019 to find a decent number of tech IPOs that are still above water. As we recounted today—and demonstrated in a cool chart—the vast majority of last year’s IPOs are underwater. The group from the year before isn’t doing much better. But the crop from 2019, when companies such as...
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Amid Slowing Sales, Amazon to Hold Second Prime Day in October
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