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Allbirds shares soar 580% after pivot from shoes to AI
(www.bbc.co.uk)
Damn, the market is an idiot.
It's terrible that we have to live in two different realities, the market reality and then the one the rest of us all have to live in.
I once made a CEO a bit unhappy by describing the stock market as socially acceptable gambling, every day I'm proven more and more right.
That's a hard pivot. And building more AI infrastructure is a bad idea. But they might make some short term money given the AI hype.
Thats all they care about
What unique thing does a shoe company bring to "AI"?
ETA: We're getting quality puns here; I'm just surprised it would be this thread.
Bird-brained investors?
They've already got boots on the ground.
Lack of sole?
They are already 2 steps ahead.
They're able to hit the ground running.
🙄
training dataset
They already have a foot in the door.
Easy money for grifters to help themselves to.
this post was submitted on 16 Apr 2026
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