AI6YR BenApr 15

🙄

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
Show threadFreddyB Aviation Photography
@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
Apr 15 at 5:29pmWeb
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.