Allbirds' Move to AI Has Echoes of the Dot-Com Frenzy (bloomberg.com)

Echoes of? It's screaming it through a loudspeaker that has a flashing neon light attached.

Discussion on the annoucement: https://news.ycombinator.com/item?id=47778038

Discussion on the stock jump: https://news.ycombinator.com/item?id=47778762

Did they actually move to AI or did they sell off all their assets and get taken over by an AI company who wants to skip the IPO process? Because I’m petty sure it’s the latter

This is just a regular pump-and-dump scam using the stock market listing of a defunct company. The Wall Street Millennial channel put out a good video if you want details.

https://youtu.be/GXce34Va_Xs

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