Krauerking@lemy.lol to

Technology@lemmy.worldEnglish · 4 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 · 4 months ago

31

cross-posted to:
[email protected]

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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GalacticSushi@piefed.blahaj.zone
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4 months ago
It converted to a company that sells buzzwords to investors as far as I can tell.

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