Allbirds Stock Soars After Announcing Pivot to AI Company
Shoemaker Allbirds announced a strategic pivot to become an AI company, leading to its stock soaring by over 400%. The company reportedly changed its name to NewBird AI as part of this rebrand.
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Allbirds shares jump over 400% on plans to pivot to AI from sneakers - Reuters
Allbirds shares jump over 400% on plans to pivot to AI from sneakers Reuters
Read full article →Allbirds announces stunning pivot from shoes to AI, stock explodes more than 200%
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.
Read full article →Allbirds’ AI pivot sends its stock soaring 300%. We’ve seen this film before.
It’s not unprecedented for struggling companies to latch onto the hot trend of the moment. Remember the blockchain hype cycle?
By Britney Nguyen
Read full article →Shoe brand Allbirds announces hard pivot from footwear into AI
Read full article →Allbirds shares jump over 400% on plans to pivot to AI from sneakers
Read full article →Dot-com vibes? Allbirds rallies more than 300% after pivoting from trendy shoes to AI compute
Read full article →Shoe Brand Allbirds Pivots To AI, Changes Name To NewBird AI, Stock Rips More Than 360%
Shoe Brand Allbirds Pivots To AI, Changes Name To NewBird AI, Stock Rips More Than 360% Just when you thought you’d seen the last of the AI pivot idiocy… Allbirds (yes, the wool sneaker people) is mooning—up as much as 360%—after announcing it’s ditching shoes and pivoting to, of course, AI. This comes just weeks after agreeing to sell off its brand and footwear business for $39 million, according to Sherwood News. The plan? Rebrand as “NewBird AI,” raise $50 million, and rei...
By Tyler Durden
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