Krauerking@lemy.lol to Technology@lemmy.worldEnglish · 1 day agoStruggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 400%www.cnbc.comexternal-linkmessage-square31fedilinkarrow-up199arrow-down14
arrow-up195arrow-down1external-linkStruggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 400%www.cnbc.comKrauerking@lemy.lol to Technology@lemmy.worldEnglish · 1 day agomessage-square31fedilink
minus-squarefrongt@lemmy.ziplinkfedilinkEnglisharrow-up17arrow-down1·1 day ago$3 to $17. That’s a reasonably big jump. But they IPO’d in 2021 around $400 and dropped to $100 in about four months and have been decaying since. From that perspective it’s only a small bump.
minus-squaredogslayeggs@lemmy.worldlinkfedilinkEnglisharrow-up5·1 day agoIt’s insane they were valued that high to begin with.
minus-squareMangoCats@feddit.itlinkfedilinkEnglisharrow-up2·1 day agoIt’s not the per-share, it’s the market cap.
$3 to $17. That’s a reasonably big jump.
But they IPO’d in 2021 around $400 and dropped to $100 in about four months and have been decaying since. From that perspective it’s only a small bump.
It’s insane they were valued that high to begin with.
It’s not the per-share, it’s the market cap.