Allbirds, the former minimalist shoe company that briefly surged in popularity among Silicon Valley tech workers a decade ago, announced it would suddenly become an “AI compute and cloud services company,” selling its branding and footwear assets and rechristening itself “NewBird AI”—and causing its cratering stock to jump over 800% after the announcement.
Read the full story on Forbes: https://www.forbes.com/sites/zacharyfolk/2026/04/15/shoemaker-allbirds-suddenly-says-its-an-ai-company-and-stock-jumps-800/
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