Anonymousabout 3 hours ago
Allbirds, the once-celebrated sustainable footwear brand, announced on April 15, 2026, that it would sell its shoe business for $39 million, rename itself NewBird AI, and pivot into GPU-as-a-service cloud computing — a field in which it has no demonstrated expertise. The stock surged as much as 800% intraday before retracing sharply, drawing comparisons to the Long Blockchain Corp debacle of 2017 and raising questions about AI-washing, retail speculation, and SEC enforcement in a market where the word "AI" functions less as a business description than a financial incantation.