The allbirds pivot to meme stock – Breaking News & Latest Updates 2026
Skip to main content
The homepageThe VergeThe Verge logo.
The homepageThe VergeThe Verge logo.
Posted
E
External Link
Elizabeth Lopatto
The Allbirds pivot to… meme stock?

Verge favorite Matt Levine weighs in on the New Allbirds Thing. The financing is the crucial part — so some “institutional investor” is “essentially buying $50 million worth of stock at the old, defunct-sneaker-company price, and selling it at the new, AI-neocloud-company price,” maybe. Neocloud market looking frothy, imo.

AIbirds

[Bloomberg]

Follow topics and authors from this story to see more like this in your personalized homepage feed and to receive email updates.
Comments
Loading comments
Getting the conversation ready...

Most Popular

Most Popular
  1. OpenAI pauses training of its ‘most capable models’
  2. Leaks reveal a new Apple HomePod mini, iPad mini, and Apple TV 4K
  3. Control Resonant is a great game — it’s even better when you read everything
  4. Can Apple Home’s AI camera features outsmart Amazon’s and Google’s? I put them to the test
  5. Can ‘eSUV’ e-bikes really go from trail to town?

More in Business

Can Cloudflare CEO Matthew Prince save the web from AI?Can Cloudflare CEO Matthew Prince save the web from AI?
Play
OpenAI nabs key Patreon execs ahead of upcoming announcementOpenAI nabs key Patreon execs ahead of upcoming announcement
Paramount will need to release way more movies to make this merger workParamount will need to release way more movies to make this merger work
Andreessen Horowitz is launching an ‘academy’ with no homework and partnerships with Palantir, Google, and MetaAndreessen Horowitz is launching an ‘academy’ with no homework and partnerships with Palantir, Google, and Meta
Paramount settles lawsuit blocking $110 billion Warner Bros. mergerParamount settles lawsuit blocking $110 billion Warner Bros. merger
Can CEO John Ternus find Apple’s next big thing?Can CEO John Ternus find Apple’s next big thing?
Play

Top Stories