Allbirds announced company pivot to AI instead of shoes.
u/wander9077 ·
Reddit — r/investing
· April 15, 2026 at 17:35
· ⬆ 56 pts
· 💬 45 comments
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AI Summary
Summary
Post references a CNBC article stating Allbirds (a shoe company) is pivoting to focus on AI.
Author's thesis: The AI trend is overblown and reminiscent of the dot-com bubble, predicting high failure rates among AI companies with only a quarter capturing the market in 5 years.