Press Space to continue
Finding signal on Twitter is more difficult than it used to be. We curate the best tweets on topics like AI, startups, and product development every weekday so you can focus on what matters.
Press Space to continue
Press Space to continue
Allbirds was worth $21 million at Tuesday's close. Today they renamed themselves "NewBird AI" and the stock touched +835%. Figma, worth $60 billion eight months ago, is now worth $9.6 billion. Allbirds doesn't own a single GPU. They agreed to sell the actual shoe business to American Exchange Group for $39 million last month. The new plan is a $50 million convertible facility to buy AI hardware and lease it out. That's the entire press release in one sentence. Figma has 13 million monthly…

