{"id":776,"date":"2026-06-17T16:44:02","date_gmt":"2026-06-17T16:44:02","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=776"},"modified":"2026-06-17T16:44:02","modified_gmt":"2026-06-17T16:44:02","slug":"allbirds-changes-name-to-smartbird-stock-skyrockets-again-after-ai-pivot","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=776","title":{"rendered":"Allbirds Changes Name To Smartbird\u2014Stock Skyrockets Again After AI Pivot"},"content":{"rendered":"<div>\n<h2>Key Background<\/h2>\n<p>Allbirds began as a footwear manufacturer whose wool sneakers <u>surged in popularity<\/u> with San Francisco\u2019s tech workers and executives a decade ago. The company was <u>valued at $4 billion<\/u> after an IPO in November 2021, but sales began falling during the pandemic. In April, Allbirds announced an <u>abrupt pivot<\/u>\u2014the once-popular shoe manufacturer would sell its entire footwear business to a brand manager and reconfigure itself as an \u201cAI compute infrastructure\u201d company called NewBird AI. The company\u2019s stock surged after the announcement, before quickly tanking the next day and falling for weeks until Wednesday\u2019s announcement.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=770\">Lululemon Controversy In China Threatens Growth In Key Market<\/a><\/p>\n<h2>Further Reading<\/h2>\n<p><span><span>Forbes<\/span><span>Shoemaker Allbirds Suddenly Says It\u2019s An AI Company\u2014And Stock Jumps 800%<\/span><small>By <span>Zachary Folk<\/span><\/small><\/span><span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The former sneaker company also said it hired a new CEO in its continued hard pivot into becoming an AI infrastructure provider.<\/p>\n","protected":false},"author":1,"featured_media":775,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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