Thread #108612202
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>Allbirds is a San Francisco maker of wool trainers that was once valued at more than $4bn (lol). It lost 99% of its value and was sold this month for $39mn to private equity. The Company will change its name to “NewBird AI" and offer GPU-as-a-Service (GPUaaS) and "AI-native" cloud solutions.


Is this good for the economy?

Why did people stop buying shoes?
+Showing all 43 replies.
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>>108612202
I prefer being barefoot all the time
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>>108612202
Same stuff in dotcom boom
Ignore.
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>>108612238
>Same stuff in dotcom boom
but what came after the dotcom boom
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peak dot com bubble
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>>108612257
NASDAQ implosion, which killed tech but little else.
But right now the AI driven stocks make up some insane amount of large cap S&P500 / DJIA. The meltdown's going to be much more dramatic this time around.
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>>108612382
Are we ever going to learn how west coast venture capital is dangerous to the wider economy?
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>>108612421
That's a man.
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>>108612443
i think bitcoin mindbroke every investor under the sun and now they jump in any bandwagon hoping it will return 10x
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>>108612202
Allbiards is not a shoe maker. They sold all operations and designs. Now they're just a company with a stock ticker and nothing else
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>>108612202
>Is this good for the economy?
Yes, accelerate towards total crash
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>>108612202
well, I can't deny that it's working. Prior to this I had never heard of the company or their products.
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for something that isnt a bubble, it sure looks like a bubble
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>>108612202
I had a pair of all birds shoes, it was mediocre as fuck
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>>108612202
My wife bought allbirds shoes because of Instagram and because she's a woman. I couldn't believe it, but of course at the same time I could. I am not surprised a meme shoe company from San Francisco promoted by the Democratic party doesn't sell shoes anymore.
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>>108612202
Does this mean I can buy these ugly shoes for cheap now?
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>>108612202
>GPU-as-a-Service
More like GPU-as-a-Shoe.
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you won't need shoes in the coming ai powered utopia
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>>108612382
I actually predict the opposite. 90% of the money in AI is funbux backed by investors instead of real world productivity or labor. AI companies famously have very few employees for how much money they claim to be worth. Their business model is also basically worthless, really what has AI actually improved in your life? If it disappeared would anything or anyone be affected?
I predict the AI bubble popping will be a disaster for the Jews and private equity firms but average consumers will be largely unaffected except through the attempts by Jews/private equity to offload the losses to poor people. If the government refuses to give Sam Altman a bailout, something like 90% of America's GDP growth in the last 5 years will be wiped out and yet 99% of Americans won't feel it.
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>>108614126
Yep, what I'm mostly getting out of this is if I can trot some zombie company on the NYSE and get a stock issued before it collapses, that's worth about $40M.
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Wait until OP hears about the online bookstore that created AWS.
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>>108616004
that bookstore still sells shoes btw
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>>108612382
Whoever buys stocks of tech companies that are laying off people DESERVES to lose their assets and be wiped off the market.
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>>108614059
>i think bitcoin mindbroke every investor under the sun and now they jump in any bandwagon hoping it will return 10x
This. bitcoin created a "gold rush" effect where every investor sees anything digital as this untapped gold mine to be found just because one exceptional case came and went. Its not just big investors blinded by terms such as AI but even normies which leads to mass support of bandwagoning.
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>>108612202
>Buy company
>Completely pivot so you have no use for the people who work there anymore
>Change name too so you don't make use of name recognition either

What exactly did they even buy them for? Investing is a mental illness.
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>>108615910
>If the government refuses to give Sam Altman a bailout, something like 90% of America's GDP growth in the last 5 years will be wiped out and yet 99% of Americans won't feel it.
kek this is what I am waiting to see. The entire point of government buyouts is to make sure that the vast amount of normies who are employed by said company dont lose their jobs. What is the incentive for a buyout when these companies, which generate insane amounts of money, dont have anyone working for them?
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>>108615910
That's the thing, there will definitely be a bailout
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>>108614059
During the actual blockchain bubble companies also added "blockchain" to their name and saw their stocks soar.
I think it's mainly bots doing Ctrl+F and buying up any stocks with certain keyboard in their name.
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>>108616675
>What exactly did they even buy them for? Investing is a mental illness.
I imagine its "vulture" companies looking to buy then sell to other vultures. I worked for a company that specifically did this but with different industries over time. When I worked with them they would buy restaurant chains that were going bankrupt, keep one or two locations open while selling the property and assets from busted locations then turn around and sell what was left to another similar company. I guess in their case the sale of property was the main profit but in this case I am having a hard time figuring out what they are trying to extract here.
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>>108616675
>What exactly did they even buy them for
quick and easy business license?
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>>108616675
https://www.officelovin.com/2018/10/a-look-inside-allbirds-new-san-francisco-hq/
probably cheapest way to buy commercial real estate in San Francisco
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>>108612230
Extremely antisemitic post.
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um bros

is this a bubble
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>>108616838
no its a new paradigm dont worry about it
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>>108616838
oh my god

so adding AI to your company name is really enough
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>>108614669
BMW N63.
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>>108616864
Thank you chatjeetpt
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>>108616893
Fuck you nigger. Some people are also into cars and not just computer fags.
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>>108616906
ok ramjeep.
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>>108615910
Counterargument: PDT rule was suddenly removed this week and retail traders are being encouraged to open margin accounts just in time for a few anticipated summer and fall IPOs.
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>>108616675
Read Frederick Forsyth's novel The Dogs of War.
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>>108616983
>that pic
Fucking kek'd
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>>108612202
>Why did people stop buying shoes?
the bubble has solved shoes, shoes are no longer necessary for people to wear
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>>108617257
>PM'd you the answer

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