Krauerking@lemy.lol to

Technology@lemmy.worldEnglish · 3 months ago

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

31

99

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

Krauerking@lemy.lol to

Technology@lemmy.worldEnglish · 3 months 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

dogslayeggs@lemmy.world
link
fedilink
English
arrow-up
6·
3 months ago
It’s insane they were valued that high to begin with.

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: !technology@lemmy.world

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.

4.48K users / day
9.37K users / week
16.3K users / month
31.8K users / 6 months
1 local subscriber
86.3K subscribers
9.38K Posts
321K Comments
Modlog