Kiwi-American firms: Allbirds dives on warning, Rocket Lab gets boost

Tim Brown at the Allbirds store at Britomart, Auckland. Photo / Dean Purcell

Allbirds, co-founded by Kiwi Tim Brown, posted a better-than-expected June quarter result but saw its Nasdaq-listed shares dive after it warned that the cost-of-living crisis was finally catching up with its customers.

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