Allbirds’s market value jumped more than 500% after unveiling a rebrand from shoes to AI. Erin Burnett speaks with Dan Ives, global head of technology research at Wedbush Securities, to break down the pivot. #cnn, #news, #ai
Allbirds Pivots from Shoes to AI
- From shoes to AI: Why Allbirds is pivoting and changing its business NBC News —
- Allbirds shares rockets as shoe brand pivots to AI City AM —
- Allbirds Stock Dives After Nearly 600% Gain. AI Pivots Don’t Have a Promising Record. Barrons —
- Allbirds Shares Sink as 582% AI Surge Comes to Screeching Halt Bloomberg —
- Allbirds cools off as investors gauge if an AI press release is worth a +500% pop Seeking Alpha —