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Sustainable Shoe Company Pivots to AI, Adds $127 Mil Value
Allbirds made a surprising announcement Wednesday that it is pivoting from shoes to artificial intelligence.
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sitzkrieg
Joined 2010/10/19Visited 2026/04/21
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If you're one of the investors who decided that Allbirds is worth over 6 times as much as an AI company with no product than as a shoe company then you deserve to lose all of your money.[image or embed] -- Dare Obasanjo (@carnage4life.bsky.social) Apr 16, 2026 at 1:25 AM
If you're one of the investors who decided that Allbirds is worth over 6 times as much as an AI company with no product than as a shoe company then you deserve to lose all of your money.[image or embed]
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Yeah. In 2021 their stock was worth $520.
Now it's worth eleven bucks.
What a turnaround.
#1 | Posted by LegallyYourDead at 2026-04-20 06:23 PM | Reply
Seems like a cynical ploy and not much more.
#2 | Posted by jpw at 2026-04-20 07:50 PM | Reply
@#2
Cynical? I'm not there yet.
But an admission that the prior business model they have proffered was not profitable?
Yeah, I can go with that.
So, if they seem to be such a admitted failure in business, what might that say about their future success?
Perhaps they will get lucky this time around ...
#3 | Posted by LampLighter at 2026-04-22 12:19 AM | Reply
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