holy fuck, a shoe company........ pivoting to AI? WHY
Allbirds shares soar 580% after pivot from shoes to AI
https://www.bbc.com/news/articles/c98mrepzgj7o
https://www.bbc.com/news/articles/c98mrepzgj7o
holy fuck, a shoe company........ pivoting to AI? WHY
7 Comments
mostvexingparse@lemmy.world · 47 pts · 139d
just like the softdrink company that changed their name to "long blockchain iced tea" a couple of years ago, their shares soared 300% before tanking completely
gawd, i hope this bubble pops soon
osanna@lemmy.vg · 25 pts · 139d
Could not agree more. Fuck this AI shit. I hope it pops bigger than the dotcom boom.
teegus@sh.itjust.works · 20 pts · 139d
Still down 97% since 2021 tho.
Toto@lemmy.world · 11 pts · 138d
Cue the pump and dump trains!
cyberpunk007@lemmy.ca · 2 pts · 138d
I smell a short
LLMhater1312@piefed.social · 4 pts · 138d
Meme stock status?
vrek@programming.dev · 2 pts · 138d
While stupid to pivot to Ai, the stock was only 3 dollars 2 days ago. The percentage increases are incredibly misleading, they were probably increased as a result of news stories of the company stock increasing 300% yesterday. Most stock brokers operate on if they think other people will want that stock later, not actual future value of the company or endorsement of any decisions of that company.