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Stock impact report

Allbirds (BIRD) Should be Investigated By the SEC, Says Jim Cramer [Yahoo! Finance]

Allbirds, Inc. - Class A (BIRD) 
Company Research Source: Yahoo! Finance
Allbirds, Inc. (NASDAQ:BIRD) made quite a splash earlier this month when it announced that it would pivot into becoming an AI chip company. Its shares are up by a whopping 106% year-to-date, primarily on the back of a 582% jump on April 15th when it made the announcement. Cramer didn't take kindly to the affair, as he called Allbirds, Inc. (NASDAQ:BIRD)'s management “clowns and fraudsters” after they announced the shift. In this appearance, he remarked that the market as a whole would suffer if more people followed Allbirds, Inc. (NASDAQ:BIRD)'s approach and added that the firm should be investigated by the Securities and Exchange Commission (SEC): “You know by the way, I would just say. . .traveALLsty, it's wrong, if they do this stuff, more of these do it, you and I are going to have to say senora to the market. The SEC should be looking into what they're doing. . .the SEC should call them in and say, can I understand your plan?” Allbirds (BIRD) Should be Investigated By the SE Show less Read more
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