https://www.cnbc.com/2026/04/15/allbirds-bird-stock-shoes-ai.html
Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 400%
I had such a hard time coming up with an original joke for this, until i realized the reason why is that allbirds is stealing jokes from the dotcom bubble in the first place.
The company, valued around $4 billion at its peak, sold its intellectual property and other assets two weeks ago for $39 million. The stock surged over 400%, from under $3 a share up to $13. The shoe company had a market cap of about $21 million Tuesday.
Oh. so, bit of a misleading headline there CNBC. This wasn't a real publicly traded company, it was a company on life support that got pivoted by a greedy founder looking to cash in. Cynical move or the delusions of a true believer? does it matter?
Regardless, the stupidity is too much, the resemblance too striking. good luck to Allbirds in the totally normal footwear-to-high tech pivot that is happening in this totally normal economy.
i regret to inform you all that another technonce manifesto has hit our collective psyches. If you woke up with a headache today, this is probably why, gratis Alex Karp:
https://archive.is/N20zm
greatest hits:
the "government is like a business and should be run like one" meme, for the dumbguys
naked hypocrisy from the man who wants to erase a nebulously defined "leftism" from public life.
Sure, our society structurally requires an increasingly large fraction of the population to be economically precarious and eternally on the precipice of financial ruin and death, but it could be even worse! you should be grateful.
BE NICE TO ELON! sure, his ideas are vaporware bullshit that don't make sense, but he produced a lot of shareholder value and is definitely not just enriching himself. Another one for the dumbest people you know to seal clap over.
Every single bullet point here is sneerable, but i'll stop there and let other people have some fun.