Allbirds rebrands as Smartbird in AI pivot, hires former AWS executive as CEO; s
Allbirds had a hit a decade ago with its Wool Runner shoes, but after a $4 billion IPO in 2021, the business never turned a profit, and sales dropped nearly 50 percent between
<!-- SC_OFF --><div class="md"><p>A sign of potential froth in the equity markets?</p> <p>- Shares of Allbirds surged more than five-fold on Wednesday after the footwear maker
Once a $4 billion apparel juggernaut, Allbirds will rebrand as NewBird AI, a “GPU-as-a-Service" company. Hey, if you can't beat ‘em, join ’em. www.wired.com/story/allbir...
Allbirds announced a switch from shoes to AI and its stock jumped 600 percent
Allbirds is ditching wool sneakers for AI servers, rebranding as NewBird AI after locking in a $50M convertible financing facility.
Desperate stock-boosting move recalls 2017's "Long Island Blockchain" frenzy.
From Breakingviews - Breakingviews - Allbirds lacks footing for dramatic AI pivot reut.rs/4cn2LqN
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