Krauerking@lemy.lol to

Technology@lemmy.worldEnglish · 2 months ago

Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 400%

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Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 400%

Krauerking@lemy.lol to

Technology@lemmy.worldEnglish · 2 months ago

31

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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2 months ago
It was $3 to $13 so… I mean easy to make huge percentage swings when practically spare change for the wealthy.

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