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Not The Onion@lemmy.worldEnglish · 4 days ago

Allbirds pivots from shoes to AI, stock explodes more than 400%

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Allbirds pivots from shoes to AI, stock explodes more than 400%

inclementimmigrant@lemmy.world to

Not The Onion@lemmy.worldEnglish · 4 days ago

cross-posted to:
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Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value

Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.

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inclementimmigrant@lemmy.worldOP
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4 days ago
Probably more like the subprime mortgage era.

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