Allbirds' Move to AI Has Echoes of the Dot-Com Frenzy(bloomberg.com)
bloomberg.com
Allbirds' Move to AI Has Echoes of the Dot-Com Frenzy
https://www.bloomberg.com/news/newsletters/2026-04-20/allbirds-pivot-to-ai-stirs-memory-of-dot-com-boom-and-bust
11 comments
Echoes of? It's screaming it through a loudspeaker that has a flashing neon light attached.
loudspeakers echo too just saying
Yeah, when I first read about this I did a double take and wondered if this was something from April Fools. Looks like a some kind of stock manipulation to me.
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
https://youtu.be/GXce34Va_Xs
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
The original announcement said they were "seeking" to go into AI
There is no AI company.
Discussion on the annoucement: https://news.ycombinator.com/item?id=47778038
Discussion on the stock jump: https://news.ycombinator.com/item?id=47778762