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Shares in Allbirds surge after maker of wool sneakers announces pivot to AI
Rebrand as NewBird AI sent shares up 582% in bizarre and rapid turnaround for firm that had fallen on hard times
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forbes.com
Allbirds Now Says It’s An AI Company
The former shoemaker said it would pivot and rebrand itself “NewBird AI.”
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cnbc.com
Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 300%
Allbirds announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million in March.
