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Allbirds' Move to AI Has Echoes of the Dot-Com Frenzy (bloomberg.com)
cdrnsf 17 hours ago [-]
Echoes of? It's screaming it through a loudspeaker that has a flashing neon light attached.
vondur 16 hours ago [-]
Yeah, when I first read about this I did a double take and wondered if this was something from April Fools. Looks like a some kind of stock manipulation to me.
stringfood 13 hours ago [-]
loudspeakers echo too just saying
nradov 13 hours ago [-]
This is just a regular pump-and-dump scam using the stock market listing of a defunct company. The Wall Street Millennial channel put out a good video if you want details.

https://youtu.be/GXce34Va_Xs

Pwntastic 16 hours ago [-]
guywithahat 15 hours ago [-]
Did they actually move to AI or did they sell off all their assets and get taken over by an AI company who wants to skip the IPO process? Because I’m petty sure it’s the latter
stringfood 13 hours ago [-]
The original announcement said they were "seeking" to go into AI
tadfisher 8 hours ago [-]
There is no AI company.
ChrisArchitect 15 hours ago [-]
Discussion on the stock jump: https://news.ycombinator.com/item?id=47778762
ChrisArchitect 15 hours ago [-]
Discussion on the annoucement: https://news.ycombinator.com/item?id=47778038
johnwhitman 12 hours ago [-]
[dead]
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