The CEO of Allbirds' new AI biz has a plan, but no employees
When Allbirds pivoted to AI in April, it felt like a joke from Silicon Valley breaking free of the TV: The direct-to-consumer shoe purveyor whose flimsy kicks helped define what we'll loosely call Silicon Valley style had discovered a new trend to chase.
BIRD takes flight: Allbirds pivot to AI company Smartbird is a huge change—that's good for the stock
From shoes to AI to . . . Smartbird?
Allbirds stock jumps 45% as company rebrands to Smartbird
Allbirds completed its transformation from a footwear company into an artificial intelligence infrastructure provider on Wednesday, changing its name to Smartbird and appointing former Amazon executive Nadia Carlsten as chief executive officer. The announcement sent shares of the company, which continues to trade under the ticker BIRD, sharply higher.
Allbirds Changes Name To Smartbird—Stock Skyrockets Again After AI Pivot
Allbirds began as a footwear manufacturer whose wool sneakers surged in popularity with San Francisco's tech workers and executives a decade ago. The company was valued at $4 billion after an IPO in November 2021, but sales began falling during the pandemic.
Allbirds is dumping its environmental mission as it pivots to AI
When Liza Moiseeva first heard that Allbirds was pivoting to AI, she thought it was satire.
From Allbirds to AI, the meme-stock frenzy is warning you to own this quality ‘antimeme' portfolio instead
Meme stocks are darlings of retail traders and go viral on social media. They typically are small, relatively illiquid — and unprofitable.
Allbirds Exits Shoes, Pivots to AI With NewBird Rebrand
Once a trendy shoe brand among tech-oriented consumers, Allbirds NASDAQ: BIRD is undertaking a huge shift in its business model. The company has sold its shoe product portfolio and is now moving into the market's most discussed area: artificial intelligence (AI) infrastructure.
Allbirds Stock Soared This Week. What Does It Mean That It Hasn't Fallen All the Way Back?
It can be hard to know when what goes up will come down.
Allbirds Popped 800% Intraday on an AI Pivot. Is This the Next GameStop?
It was quite the shocker to see shares of former Silicon Valley-loved footwear firm Allbirds (NASDAQ:BIRD) skyrocketing as much as 800% or so at its high point on Wednesday before closing quite a bit lower.
Allbirds stock is already falling after the AI pivot. History suggests investors should proceed with caution
After rising by more than 580% in a single trading session yesterday, shares of Allbirds Inc. (Nasdaq: BIRD) fell this morning in premarket and were down about 30% in early trading after markets opened.
Allbirds: AI Pivot Is A Fantasy With Limited Capital (Rating Downgrade)
Allbirds, Inc. pivots from footwear to GPU-as-a-service, rebranding as NewBird AI after selling its shoe business. I downgrade BIRD stock to Sell, citing lack of management experience in cloud infrastructure and enterprise sales. BIRD's $50 million capital base is dwarfed by competitors' multi-billion dollar war chests, severely limiting competitive potential.
Retail traders pile into Allbirds after odd AI pivot. History shows it won't end well
Retail investors were quick to embrace Allbird's shocking pivot into AI. Net purchases hit a record $5.2 million in a single day, surpassing even demand seen during the company's 2021 IPO.
