Source item
Open original source ↗Does anyone remember Dec 21, 2017, when Long Island Iced Tea rebranded as Long Blockchain? It was up 183% that day.
It was less than a week after the peak in Bitcoin's price, which then went on to fall 80% over the next year.
I know, this time is different.
Allbirds flashback https://t.co/1G90T4TLZS
2 segments
Segment 1 · characters 0–259 · Original segment ↗
Segment 2 · characters 261–303 · Original segment ↗
Quoted context
These are the quoted author’s words.
You can’t make this up: Allbird stock, $BIRD, was down -99% from its record high as of yesterday as the shoe company was collapsing. Today, Allbirds stock is up as much as +875% after entirely rebranding as an AI company. This includes selling all of its brands and footwear assets and rebranding to “Newbird AI.” And, the company will use a $50M convertible financing facility to “acquire high-performance GPU assets.” Even shoe companies are moving into AI.
KobeissiLetter ↗