Allbirds story is insane. allbirds is a shoe company from the US. started in 2015. made wool sneakers. became the cool shoe for silicon valley tech people. obama wore them. ben affleck wore them. basically if you worked at google and owned a macbook you probably had a pair.
2021 they IPO on nasdaq. massive valuation and then it all fell apart. could not turn profitable. All there stores bleeding money and stock kept falling for years. this year, it was sitting around $2.5… basically dead.
look at the chart
March 2026, they sold the actual shoe brand to a fashion conglomerate for 39m. April 2026, they announce they are pivoting to AI compute infrastructure. buying GPUs. cloud services. renaming themselves NewBird AI.
Stock went from $2.50 to $24 in one day, ah man +848%. now it is back at 7 dollr.
