Allbirds shares jump more than 400% on plans to pivot to AI from sneakers
Company sold its brand and footwear assets to American Exchange Group for $39-million last month and now plans to call itself NewBird AI
Allbirds pivots to AI infrastructure
- Allbirds was founded with a focus on environmental conservation. Its pivot to AI is leaving that behind. Business Insider —
- Allbirds soars after sneaker firm rebrands as AI stock The Straits Times —
- Allbirds shares soar after pivot from footwear to AI BBC News —
- Once regarded as Silicon Valley's favourite shoe brand, Allbirds now says it's an AI company and Wall Street can't stop smiling as stock jumps 876% in one day Times Of India —
- Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I. The New York Times —