AI6YR Ben

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CNN: Allbirds shares soar 600% as it pivots from footwear to AI

"Shares of Allbirds — the 2010s pioneer of trendy sneakers and eco-conscious Millennial retail marketing — took flight in an almost comical fashion Wednesday morning after the company announced an extremely 2026 pivot: abandoning its environmental agenda and getting into the AI business. ....The catalyst came from Allbirds’ announcement that the company, after selling its footwear assets and branding to brand management company American Exchange Group last month for just $39 million, would soon reemerge as a new entity with a focus on “AI compute infrastructure.” .."

https://lite.cnn.com/2026/04/15/investing/allbirds-pivot-to-ai

#bubble #tulipmania #ai

Allbirds shares soar 600% as it pivots from footwear to AI

Shares of Allbirds — the 2010s pioneer of trendy sneakers and eco-conscious Millennial retail marketing — took flight in an almost comical fashion Wednesday morning after the company announced an extremely 2026 pivot: abandoning its environmental agenda and getting into the AI business.

CNN
Apr 15 at 4:32pmWeb
Show threadAI6YR BenApr 15

LOL

"...“Allbirds has gone from being a highflyer to a dead parrot,” GlobalData retail analyst Neil Saunders said in a note last month..."

#deadparrot

Show threadAI6YR BenApr 15

(I dunno anything about the analyst, but any excuse to reference Monty Python, lol)

https://www.youtube.com/watch?v=vnciwwsvNcc

Monty Python: The Parrot Sketch & The Lumberjack Song movie versions HQ

YouTube
Show threadAI6YR BenApr 15
"WAKEY WAKEY! RISE AND SHINE! THIS IS YOUR 9 O CLOCK ALARM CALL!"
Show threadPaul Chambers🚧Apr 15
@ai6yr As host of 9 o clock PM hashtag games, please CW "THIS IS YOUR 9 O CLOCK ALARM CALL" in the future when it is barely just after noon in the Eastern time zone. 🤭 😂Gave me heart flutters. lol
Show threadAI6YR BenApr 15
@paul 😂
Show threadAI6YR BenApr 15
@paul I should digitize that clip and set it to play at 9am every morning.
Show threadAnneHApr 15
@ai6yr Nah. It's 17.48 here.
Show threadDApr 15
@ai6yr 700% now.
Show threadpmonks (330ppm)Apr 15
@ai6yr I’m beginning to think Wall St types are actually really [redacted] stupid.
Show threadmittenApr 15
@ai6yr The article doesn't say this, but essentially, this is a stealth IPO. The private equity firm bought a dying/dead company for $39M - not for the business itself, but for the fact that it's already on the stock exchange. Much faster and easier than doing a proper IPO for a completely new company.
Show threadAI6YR BenApr 15
@mitten Yeah, reverse IPO for sure. Sneaky way to get on the exchange without all the normal effort of vetting/etc.
Show threadLor 💬Apr 15
@mitten @ai6yr THIS^
Show threadAI6YR BenApr 15
@lor @mitten LOL I once made a little bit of money in high school (?) on a very similar trend, on Rational, a company which developed (ostensibly) software to build software without having to write code, lol. They did a reverse IPO... eventually bought by IBM.
Show threadElyse M GrassoApr 16
@ai6yr @lor @mitten Rational''s actual tools were great (I spent a couple of decades adminning and customizing them.) What IBM did to them later was a sin. Software to build software without writing code was not what the tools were for... some marketers and guys in the C-suite must have had a psychotic break.
Show threadFreddyB Aviation PhotographyApr 15
@ai6yr *cough* bubble *cough* when a shoe company sells off its core, guts any real value they had and are now a "AI company" we are getting to end stage bubble category
Show threadarceuthobiumApr 15
@cvvhrn @ai6yr isn’t there an anecdote about the 1929 trader who knew it was time to get out of the market when his shoeshine boy started giving stock tips?
Show threadAI6YR BenApr 15
@theothersimo @cvvhrn My mom used to be my bellwether on that. If she started talking about the stock market and/or a hot stock.. WATCH OUT! CRASH COMING!
Show threadJim HubbellApr 15
@theothersimo @cvvhrn @ai6yr
The Wikipedia article about Joseph Kennedy Sr. mentions that anecdote but says there is no corroborate evidence its true.
Show threadPaul_IPv6Apr 15

@ai6yr

"let's give AI the bird!"

Show threadCavyherdApr 15

@ai6yr

How long is it going to be before these kinds of shenanigans are identified as Ponzi schemes & prosecuted as such?