Say No To Trading
Public Markets Investor, Opportunistic Buying & Cost-Basis Management
Liftoff Mobile looks like Blackstone-owned junk rebranded as an AI company for its IPO, the 2026 version of adding .com to a name in 1999. Shares are being offered through practically every retail broker. As in the dot-com era, everything rebranded as AI is being priced as if it will be a winner, yet touching AI does not make a company an AI company. x.com x.comÂ
Allbirds renaming itself Bird AI is a crappy shoe company in desperation mode, not a sign of an AI bubble. AI is going nowhere, with winners like Nebius and the hyperscalers and losers who imitate them, and Bird AI looks set to be one of the losers. The jump is a pop and fizzle, and very risky. x.com x.comÂ
Inno Holdings' 3,661% jump on a $3M AI deal is AI mania finding a company that needed saving, not a business that found AI. The Hong Kong used-phone seller had $931K of quarterly revenue and a $1.08M net loss, and has done three reverse splits since October 2024 to stay on Nasdaq. The AI project has an unnamed provider, is in early development, undeployed, with no revenue or timeline. A $60M at-the-market offering was active, so new shares could be sold into the rally; Nasdaq halted the stock. … Show more
Allbirds' surge of over 600% after rebranding as NewBird AI is an embarrassing squeeze, swapping fake shoes for fake AI. The once $4 billion company sold its footwear business for $39 million and now plans to buy GPUs and rent out compute. x.com x.com x.comÂ
Allbirds' pivot from footwear to AI infrastructure looks like a loss-making machine that will dilute shareholders again and again, so its jump should fade faster than most expect. Per @amitisinvesting, Allbirds is selling all its assets and raising $50 million in convertibles to buy GPUs. Retail buyers are serving as exit liquidity. x.com x.com x.com x.comÂ
Allbirds' rebrand as an AI infrastructure provider is an empty pivot repeating the Long Blockchain playbook. It is selling its shoe business for $39 million to become NewBird AI, a GPU-as-a-service provider with zero experience in chips, data centers or cloud, zero customers and zero GPUs, funded by a $50 million convertible pending shareholder approval. The stock still jumped 582% in a day. Long Island Iced Tea's 2017 blockchain rename ended in delisting and insider-trading charges. x.comÂ
Classover Holdings raises money by pivoting to the latest trend, loses it and pays itself, then repeats. It rebranded as an ETH treasury company just last year and now calls itself an AI company, which is very different from a crypto miner shifting its business. Stay far away. x.com x.com x.comÂ
