“There’s a bubble. There’s a bubble.” — The Big Short (2015)
Allbirds — yes, the wool sneaker company — just sold its entire shoe brand for $39M (it was worth $4 BILLION in 2021), renamed itself “NewBird AI,” and the stock pumped over 400%. They have zero AI experience. This is not satire.
From selling shoes to trying to compete with AWS?
What are your thoughts? 👇
#finance #aibubble #stockmarket #personalfinance