Struggling Shoe Retailer Allbirds Pivots To AI, Stock Explodes More Than 700%
Allbirds made a surprise announcement this morning: it’s pivoting from sustainable shoes to AI compute infrastructure, rebranding as NewBird AI after selling its brand assets and closing its U.S. full-price stores. The move sent shares soaring more than 700%. CNBC reports: The move boosted shares of the miniscule market ca … ⌘ Read more