A shoe company pivots to AI

Investment Analysis Clubs Macro Economic Trends and Risks
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We’ve seen this story before. First everyone became a dot-com. Then a SaaS company. Taxi drivers giving stock tips. Now, a shoe company is becoming an AI company. We know how this story is going to end.

Somewhat related, Snap is laying off 16% of their work force, citing AI as the reason.

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In other news, Sears is ending its catalog sales division, saying people no longer want to receive merchandise by mail.

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