Krauerking@lemy.lol to

Technology@lemmy.worldEnglish · 4 days ago

Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 400%

31

95

Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 400%

Krauerking@lemy.lol to

Technology@lemmy.worldEnglish · 4 days ago

31

Struggling shoe retailer Allbirds makes bizarre pivot to AI, adds $127 million in value

Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.

Chat

db2@lemmy.world
link
fedilink
English
arrow-up
14·
4 days ago
The other shoe could drop.
- FauxLiving@lemmy.world
  link
  fedilink
  English
  arrow-up
  6·
  4 days ago
  They should tread carefully and not focus solely on AI.
  - TrickedPrivacy@lemmy.world
    link
    fedilink
    English
    arrow-up
    1·
    4 days ago
    deleted by creator

Technology@lemmy.world

technology@lemmy.world

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related news or articles.
Be excellent to each other!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
Check for duplicates before posting, duplicates may be removed
Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

3.57K users / day
8.41K users / week
15K users / month
32.1K users / 6 months
1 local subscriber
83.9K subscribers
17.8K Posts
761K Comments
Modlog