What a pivot. I was thinking their investors may have some questions, thinking they were getting into sneakers and then finding that position is actually an investment in AI. Not good if you were trying to diversify but the 600% gain probably softens that for now.
Kind of reminds me of the dot com bubble stories though. 600% increase on what seems to be a plan at this time.
svnt•1h ago
They sold everything of value they had for $39 million to buy and rent out GPUs and now are somehow worth four times that.
Anyone with $40 million worth of something and a shell company can do the same thing.
peyton•2m ago
Anyone with a shell company listed on NASDAQ I guess. That part’s probably pretty important.
james-clef•1h ago
Kind of reminds me of the dot com bubble stories though. 600% increase on what seems to be a plan at this time.
svnt•1h ago
Anyone with $40 million worth of something and a shell company can do the same thing.
peyton•2m ago