Allbirds' Move to AI Has Echoes of the Dot-Com Frenzy

Discussion (9 Comments)Read Original on HackerNews

nradov•about 2 hours ago

This is just a regular pump-and-dump scam using the stock market listing of a defunct company. The Wall Street Millennial channel put out a good video if you want details.

https://youtu.be/GXce34Va_Xs

cdrnsf•about 5 hours ago

Echoes of? It's screaming it through a loudspeaker that has a flashing neon light attached.

vondur•about 4 hours ago

Yeah, when I first read about this I did a double take and wondered if this was something from April Fools. Looks like a some kind of stock manipulation to me.

stringfood•about 2 hours ago

loudspeakers echo too just saying

Pwntastic•about 4 hours ago

https://archive.is/jcJIe

guywithahat•about 3 hours ago

Did they actually move to AI or did they sell off all their assets and get taken over by an AI company who wants to skip the IPO process? Because I’m petty sure it’s the latter

stringfood•about 1 hour ago

The original announcement said they were "seeking" to go into AI

ChrisArchitect•about 3 hours ago

Discussion on the stock jump: https://news.ycombinator.com/item?id=47778762

ChrisArchitect•about 3 hours ago

Discussion on the annoucement: https://news.ycombinator.com/item?id=47778038

Allbirds' Move to AI Has Echoes of the Dot-Com Frenzy

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Discussion (9 Comments)Read Original on HackerNews