sansruse

www.cnbc.com/…/allbirds-bird-stock-shoes-ai.html Struggling shoe retailer Allbirds makes bizarre pivot from shoes to AI, stock explodes more than 400% I had such a hard time coming up with an original joke for this, until i realized the reason why is that allbirds is stealing jokes from the dotcom bubble in the first place. The company, valued around $4 billion at its peak, sold its intellectual property and other assets two weeks ago for $39 million. The stock surged over 400%, from under $3 a share up to $13. The shoe company had a market cap of about $21 million Tuesday. Oh. so, bit of a misleading headline there CNBC. This wasn’t a real publicly traded company, it was a company on life support that got pivoted by a greedy founder looking to cash in. Cynical move or the delusions of a true believer? does it matter? Regardless, the stupidity is too much, the resemblance too striking. good luck to Allbirds in the totally normal footwear-to-high tech pivot that is happening in this totally normal economy.

it’s not exactly a take, but i want to shout out the dilberito, one of the dumbest products ever created en.wikipedia.org/wiki/Scott_Adams#Other the Dilberito was a vegetarian microwave burrito that came in flavors of Mexican, Indian, Barbecue, and Garlic & Herb. It was sold through some health food stores. Adams’s inspiration for the product was that “diet is the number one cause of health-related problems in the world. I figured I could put a dent in that problem and make some money at the same time.” He aimed to create a healthy food product that also had mass appeal, a concept he called “the blue jeans of food”.