To Mock a Killing Bird

From The Department of I Didn’t See That Coming: After being valued at $4 billion right after its IPO in 2021, Allbirds has been in a steady decline since, culminating in the sale of its assets to American Exchange Group, which will continue to operate and sell the brand but that is not the plot twist. Allbirds, Inc. has announced it will change its name to NewBird AI with the goal to to “become a fully integrated GPU-as-a-Service (GPUaaS) and AI-native cloud solutions provider” that will “grow its neocloud platform by expanding its compute and service offerings, deepening partnerships with operators and customers, and evaluating strategic M&A opportunities.” Calling it a pivot is an overstatement — this is having lived as a Golden Retriever owned by a wealthy, caring family in one lif