From Wool Shoes to GPUs

On 15 April 2026, Allbirds announced it would sell its brand and shoe assets to become NewBird AI, a GPU-as-a-Service provider. The stock spiked 400%. With $39M from the asset sale and $50M in new convertible financing, this is either the greatest reinvention in recent memory or the next Long Blockchain Corp.

Full talk: https://mikelitman.me/newbird

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