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onychomys
They keep having to update the headline as the stock goes up, it's now at "more than 300%".
usui
Pets announces pivot from Pets to Pets.com, stock explodes 1000%
graydoubt
"Pets.com, because pets can't drive."
xg15
Waait a minute, that sounds familiar...
fnimick
Clearly not a bubble, though!
mikeve
This appears to be almost like a SPAC. Allbirds had already sold it's IP and other assets, now they raised new money and are continuing under a different name but they're still a publicly traded company.

So it's not really shoe retailer pivots to AI but a shoe retailer selling all assets and forming a new company but uses the previous public stock listing.

kermatt
So just starting a new and completely different company, but using an old brand name from a completely different business?
eudamoniac
It's frustrating that Schwab does not allow me to buy puts for this symbol, and I haven't enabled margin for shorting because I always bought puts instead. Never seen a clearer short in my life.
ProjectArcturis
It's not just Schwab, there aren't any options traded on BIRD. And shorting is not a guarantee. First you have to find a borrow, which if it's available probably costs >1000% annualized today. Then you have to be able to maintain that borrow, even if BIRD doubles from here.

Based on the price action today, this seems like a short squeeze.

killingtime74
Just use the new way which is starting a market on polymarket
epc
Ah, yes, the Zapata Petroleum -> zap.com phase of the bubble.
holtkam2
Someone tell me if my idea is dumb:

You know how adding ".ai" to your company name / domain name increases your valuation an order of magnitude or whatever?

Well has anyone tried chaining .ai's to their company name...???

For example could x.ai increase their valuation another 5-10x by renaming themselves x.ai.ai?

What about perplexity.ai.ai.ai?

Seems like a low-hanging fruit for increasing valuation / attention on your company, but let me know if I'm missing something.

edu
Thing Ai^Ai. It might break the market.
apparent
Seems weird the new name is singular ("Newbird AI") when the old name is plural. Wonder how they chose that. I can't imagine "Newbirds AI" was taken!
SMAAART
I smell a shareholders' class action lawsuit. Wait for it.