Allbirds made a surprising announcement Wednesday that it is pivoting from shoes to artificial intelligence.
The move boosted shares of the miniscule market cap company — it was valued at about $21 million at Tuesday’s close — by 582%. The shares, which were under $3 a day ago, jumped to about $17.
Literally the easiest pump and dump ever. Company failing and you want to dump your shares at a good price? Announce you're doing AI! How? Who cares?! It's AI!
The company got bought and switched to AI after that. The new owner basically bought access to the stock market without having to create a new company and make an IPO.
I'm still waiting for them to announce the upgrade path. My remaining pair of Allbirds shoes still doesn't have any AI functionality. No care for old cusomers.
I'd like to take this opportunity to announce that I am pivoting my home lab to be an AI datacenter. You can DM me for investor details regarding where to send the check.
14 Comments
apfelwoiSchoppen@lemmy.world · 42 pts · 4d
Jump on the baseless short term speculation train.
Voroxpete@sh.itjust.works · 22 pts · 4d
They should invest in some NFTs while they're at it. I hear those are only going up.
AbidanYre@lemmy.world · 8 pts · 4d
Well they can't really go down any further.
apfelwoiSchoppen@lemmy.world · 1 pts · 3d
Just announced being bought, some grift that was.
panda_abyss@lemmy.ca · 26 pts · 4d
Ah, the Allbirds play.
Let’s see how this works out.
schipelblorp@sh.itjust.works · 38 pts · 4d
This shit is wild.
https://www.cnbc.com/2026/04/15/allbirds-bird-stock-shoes-ai.html
This is the most bubblicious bubble to ever bubble.
Voroxpete@sh.itjust.works · 13 pts · 4d
Literally the easiest pump and dump ever. Company failing and you want to dump your shares at a good price? Announce you're doing AI! How? Who cares?! It's AI!
SomethingBurger@jlai.lu · 2 pts · 3d
The company got bought and switched to AI after that. The new owner basically bought access to the stock market without having to create a new company and make an IPO.
flamingo_pinyata@sopuli.xyz · 11 pts · 4d
I'm still waiting for them to announce the upgrade path. My remaining pair of Allbirds shoes still doesn't have any AI functionality. No care for old cusomers.
panda_abyss@lemmy.ca · 6 pts · 4d
Check under the heel, that’s usually where the AI is.
TrippaSnippa@aussie.zone · 3 pts · 3d
You have to buy new ones, silly. What do you think this is, something other than late stage capitalism?
lemmyvore@feddit.nl · 18 pts · 4d
This reminds of that time during the crypto bubble when the Fashion Channel put out its own crypto currency.
YetAnotherNerd@sopuli.xyz · 1 pts · 2d
Long Island Iced Tea became Long Island Blockchain
Burninator05@lemmy.world · 13 pts · 4d
I'd like to take this opportunity to announce that I am pivoting my home lab to be an AI datacenter. You can DM me for investor details regarding where to send the check.