When I saw at 16 I thought people went crazy. Now it is 21
Momotrader1986 on
It’s a short squeeze. The company was pooping so it was heavily shorted. Then changing the company to a AI created some buying pressure then short needed to cover and all of sudden short squeeze started. It’s going to come right back down but this is a classic case of short squeeze.
Cold-Permission-5249 on
AI AI AI
todudeornote on
They announced they are refocusing out of shoes to be an AI infrastructure company. Not kidding – from retail to very high tech with the same management team. Proof of the AI bubble.
conicalanamorphosis on
I know I’m not the first to say it, but it sure appears the economy is being run by toddlers right now. A shoe company re-imagines itself as an AI infrastructure company, when the actual AI infrastructure companies are flat out unable to build new data centers, and this is somehow worth an over 600% increase in stock price. I understand, as pointed out below, a short squeeze is the cause of most of that, but there should not have been any buying pressure to start that squeeze in the first place.
foulpudding on
An example of why shorting a stock, no matter how bad the company might seem, is fucking dangerous to your net worth.
DunDunBar on
They are flying high
Key_Brief_8138 on
The most insane speculative bubble in history is happening, thanks to the Keynesian fraudsters at the Fed and their deranged money printing.
Mage_Ozz on
Money_Cost_2213 on
The way this company tied itself to “tech” has always been far fetched. Remember they did this for the valuation prior to going public.
It’s like the WeWork shoe edition. As someone who works in the shoe industry, this makes zero sense to me.
longcreepyhug on
They said the magic word.
Saint-Huntress on
I had to do quick research to make sure this was indeed the company that I bought a pair of flats from… this is a wild pivot for a “sustainable” shoe company
mcc062 on
I would sell in a heartbeat
oberynmviper on
The pets.com is here!
GhostWrex on
As I stand here in my All Birds wanting to buy more, knowing that cant happen anymore
15 Comments
When I saw at 16 I thought people went crazy. Now it is 21
It’s a short squeeze. The company was pooping so it was heavily shorted. Then changing the company to a AI created some buying pressure then short needed to cover and all of sudden short squeeze started. It’s going to come right back down but this is a classic case of short squeeze.
AI AI AI
They announced they are refocusing out of shoes to be an AI infrastructure company. Not kidding – from retail to very high tech with the same management team. Proof of the AI bubble.
I know I’m not the first to say it, but it sure appears the economy is being run by toddlers right now. A shoe company re-imagines itself as an AI infrastructure company, when the actual AI infrastructure companies are flat out unable to build new data centers, and this is somehow worth an over 600% increase in stock price. I understand, as pointed out below, a short squeeze is the cause of most of that, but there should not have been any buying pressure to start that squeeze in the first place.
An example of why shorting a stock, no matter how bad the company might seem, is fucking dangerous to your net worth.
They are flying high
The most insane speculative bubble in history is happening, thanks to the Keynesian fraudsters at the Fed and their deranged money printing.
The way this company tied itself to “tech” has always been far fetched. Remember they did this for the valuation prior to going public.
It’s like the WeWork shoe edition. As someone who works in the shoe industry, this makes zero sense to me.
They said the magic word.
I had to do quick research to make sure this was indeed the company that I bought a pair of flats from… this is a wild pivot for a “sustainable” shoe company
I would sell in a heartbeat
The pets.com is here!
As I stand here in my All Birds wanting to buy more, knowing that cant happen anymore