20260416 - Shoe company pivots to AI, stock goes up 580%

Long Island Iced AI https://pivot-to-ai.com/2026/04/16/shoe-company-allbirds-pivots-to-ai-and-the-stock-goes-up-580/ - blog post  Patreon: https://www.patreon.com/davidgerard Ko-Fi: https://ko-fi.com/A1529D5 Buy us useful things: https://www.amazon.co.uk/hz/wishlist/ls/3Q8VZW46J6DM6 Get an extremely cool Pivot to AI shirt or mug: https://pivot-to-ai.redbubble.com Send in your story tips: [email protected] Sources: Allbirds Signs Definitive Asset Purchase Agreement with American Exchange Group https://ir.allbirds.com/news-releases/news-release-details/allbirds-signs-definitive-asset-purchase-agreement-american Allbirds, Inc. Executes $50M Convertible Financing Facility Agreement; Announces Expansion into AI Compute Infrastructure https://ir.allbirds.com/news-releases/news-release-details/allbirds-inc-executes-50m-convertible-financing-facility Allbirds stock tumbles after nearly 600% rally as the shoemaker rebrands as an AI company https://finance.yahoo.com/news/allbirds-stock-tumbles-after-nearly-600-rally-as-the-shoemaker-rebrands-as-an-ai-company-173129269.html Long Island Iced Tea Corp. to Rebrand as "Long Blockchain Corp." (2017) https://www.sec.gov/Archives/edgar/data/1629261/000149315217014968/ex99-1.htm AIBirds https://www.bloomberg.com/opinion/newsletters/2026-04-15/aibirds The karaoke company, the penny stock investor and the $17bn trucking rout https://www.ft.com/content/bb8d2108-f17d-4b7c-b9bc-e9c6dcfa34a5 Previously on Pivot to AI: The AI Scare Trade — the all-purpose excuse for number go down https://pivot-to-ai.com/2026/02/17/the-ai-scare-trade-the-all-purpose-excuse-for-number-go-down/ video: https://www.youtube.com/watch?v=VBj9sBLwb3c&list=UU9rJrMVgcXTfa8xuMnbhAEA Full Pivot to AI playlist: https://www.youtube.com/playlist?list=UU9rJrMVgcXTfa8xuMnbhAEA