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Allbirds announces pivot from shoes to AI, stock explodes 175%
31–40 of 42 posts
Re: Allbirds announces pivot from shoes to AI, stock explodes 175%
#32I smell a shareholders' class action lawsuit. Wait for it.
Re: Allbirds announces pivot from shoes to AI, stock explodes 175%
#33Peak AI (bubble)
Re: Allbirds announces pivot from shoes to AI, stock explodes 175%
#34Seems weird the new name is singular ("Newbird AI") when the old name is plural. Wonder how they chose that. I can't imagine "Newbirds AI" was taken!
You have already thought longer about the name than they have
Re: Allbirds announces pivot from shoes to AI, stock explodes 175%
#35It's frustrating that Schwab does not allow me to buy puts for this symbol, and I haven't enabled margin for shorting because I always bought puts instead. Never seen a clearer short in my life.
Just use the new way which is starting a market on polymarket
Re: Allbirds announces pivot from shoes to AI, stock explodes 175%
#36Earlier quoted context omitted.
This would be my bet - filing for an IPO or even direct listing is months of SEC review, audits, underwriters, due diligence, etc. A shell with an existing ticker gets you access to that sweet retail investor cash almost immediately, and with less of those pesky regulators asking if you actually have a functioning product or company. This is more akin to a reverse merger than a SPAC (eg. Berkshire Hathaway being a fa…
Can you explain to me how this isn't considered outright fraud? The SEC has rules specifically around the lifetime of a company / ticket in terms of things like inclusion in indexes and retirement accounts, right? How does allowing this not simply encourage a world of, basically, stock market karma farming: making bullshit barely company companies, just to sell the ticket so they can be used to engage in a pump and d…
You just described exactly what a SPAC is.
Re: Allbirds announces pivot from shoes to AI, stock explodes 175%
#37It's frustrating that Schwab does not allow me to buy puts for this symbol, and I haven't enabled margin for shorting because I always bought puts instead. Never seen a clearer short in my life.
It's not just Schwab, there aren't any options traded on BIRD. And shorting is not a guarantee. First you have to find a borrow, which if it's available probably costs >1000% annualized today. Then you have to be able to maintain that borrow, even if BIRD doubles from here. Based on the price action today, this seems like a short squeeze.
Yes, I understand the basics of shorts.
Re: Allbirds announces pivot from shoes to AI, stock explodes 175%
#38Earlier quoted context omitted.
This would be my bet - filing for an IPO or even direct listing is months of SEC review, audits, underwriters, due diligence, etc. A shell with an existing ticker gets you access to that sweet retail investor cash almost immediately, and with less of those pesky regulators asking if you actually have a functioning product or company. This is more akin to a reverse merger than a SPAC (eg. Berkshire Hathaway being a fa…
Can you explain to me how this isn't considered outright fraud? The SEC has rules specifically around the lifetime of a company / ticket in terms of things like inclusion in indexes and retirement accounts, right? How does allowing this not simply encourage a world of, basically, stock market karma farming: making bullshit barely company companies, just to sell the ticket so they can be used to engage in a pump and d…
It is not my field either except for amateur interest. My understanding is that because they are publicly disclosing it to investors, it's not fraud in the legal sense. Fraud requires deception. It could be that they do genuinely believe that their expertise in shoe selling translates to expertise in AI infra.
If you agree (or think that enough people will agree to increase the value of the stock), you can buy the shares. If you don't, you aren't forced to buy it - and as a penny stock with a market cap of $21MM, nobody's index fund or pension is going to be forced to buy it either.
The stock market sort of _is_ just karma farming - building belief in your company vision so that investors bring capital. Nearly all companies trade at a positive "P/E ratio" - that is, the price of a share is on average 10-20X higher than their current earnings - the difference representing pure belief that the company will earn more in the future.
The regulatory guardrails around it are not perfect, but striking the balance between allowing the public to participate in the growth of successful companies in a dynamic economy, and protecting them from scams, is a fine line. Being able to invest in publicly traded companies has made many middle class and working class people wealthy, the regulations do work for most people to keep them out of trouble while allowing them to participate. The people who get hurt are the ones who trade penny stocks like lottery tickets, which is less a regulatory failure and more the impulsive behavior that drives any kind of gambling.
Re: Allbirds announces pivot from shoes to AI, stock explodes 175%
#39Earlier quoted context omitted.
It's not just Schwab, there aren't any options traded on BIRD. And shorting is not a guarantee. First you have to find a borrow, which if it's available probably costs >1000% annualized today. Then you have to be able to maintain that borrow, even if BIRD doubles from here. Based on the price action today, this seems like a short squeeze.
Yes, I understand the basics of shorts.
Sure didn't seem like it.
Re: Allbirds announces pivot from shoes to AI, stock explodes 175%
#40Someone tell me if my idea is dumb: You know how adding ".ai" to your company name / domain name increases your valuation an order of magnitude or whatever? Well has anyone tried chaining .ai's to their company name...??? For example could x.ai increase their valuation another 5-10x by renaming themselves x.ai.ai? What about perplexity.ai.ai.ai? Seems like a low-hanging fruit for increasing valuation / attention on y…
Thing Ai^Ai. It might break the market.