Allbirds Stock Surges 600% After Announcing Pivot From Shoes to AI

The sustainable footwear brand announced it's becoming an AI company, and the market rewarded it with a multi-hundred-percent stock spike that has the internet questioning reality.

Allbirds, the sustainable shoe company that once traded above $30 and had been languishing as a penny stock, saw its share price spike over 600% after announcing a pivot to artificial intelligence. As @MKBHD put it: "Shoe company pivots overnight to AI company, stock price spikes. It's not April Fool's Day? This isn't The Onion?"

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