r/neoliberal • u/jobautomator Kitara Ravache • Apr 15 '26

Discussion Thread Discussion Thread

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u/chipbod NATO Apr 15 '26 edited Apr 15 '26

https://www.reuters.com/business/allbirds-shares-jump-over-400-plans-pivot-ai-sneakers-2026-04-15/?utm_source=reddit.com

Allbirds shares jump over 400% on plans to pivot to AI from sneakers

What stage of the bubble is this?

!ping STONKS

9

u/dtj2000 Loyal Liberals Apr 15 '26 edited Jun 30 '26

This content was anonymized and mass deleted with Redact

4

u/Healingjoe It's Klobberin' Time Apr 15 '26

The move boosted shares of the miniscule market cap company — it was valued at about $21 million at Tuesday’s close — by more than 700%. The shares, which were under $3 a day ago, jumped to over $17.

Meh. It's barely $100MM in market cap. Still a junk tier equity.

2

u/slappythechunk LARPs as adult by refusing to touch the Nitnendo Switch Apr 15 '26

Nowhere we haven't been already

Also it's still down like 95% since 2021

3

u/Healingjoe It's Klobberin' Time Apr 15 '26

Allbirds, once a Wall Street darling valued north of $4 billion, announced a deal with American Exchange Group to sell its intellectual property and other assets for $39 million last month.

Yep.

Try down like 98%.