Allbirds shares soar 580% after pivot from shoes to AI
holy fuck, a shoe company........ pivoting to AI? WHY
https://www.bbc.com/news/articles/c98mrepzgj7oOpen linkView original on lemmy.vghttps://www.bbc.com/news/articles/c98mrepzgj7oOpen linkView original on lemmy.vg
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
Could not agree more. Fuck this AI shit. I hope it pops bigger than the dotcom boom.
Still down 97% since 2021 tho.
Cue the pump and dump trains!
I smell a short
Meme stock status?
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.