Allbirds Stock Dives After Nearly 600% Gain. AI Pivots Don’t Have a Promising Record.
Barrons
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Allbirds stock was tumbling Thursday after rising more than sixfold on Wednesday when it said it was raising $50 million to buy AI servers and rent them out.
Allbirds Pivots to AI Infrastructure
- The Allbirds Pivot Is a Terrible Idea … Right? The Atlantic —
- Allbirds' AI pivot, stock surge may help 'define the era' Reuters —
- Allbirds’ Plan Is Only 99.6% Crazy Barrons —
- What Allbirds needs to do to make its Hail Mary AI pivot succeed Business Insider —
- Retail traders pile into Allbirds after odd AI pivot. History shows it won't end well CNBC —