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BBT #13 Snippet | Allbirds Sold Its Shoes for $39 Million and Called Itself an AI Company
A company that built its entire identity around sustainable wool sneakers just sold everything — the footwear assets, the intellectual property, the brand it spent a decade building — for $39 million. Then it announced a pivot to artificial intelligence. And the stock went up. That should tell you everything you need to know about where the market thinks value lives right now, and how little it cares about what you were before you said the word "AI."
⏱️ Timestamps
00:00 — Allbirds sells its footwear assets and IP for $39 million, pivots to AI, and watches its stock surge — what this says…
The skinny
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