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Slate Money

Allbirds Aren’t Real

Slate Money

Slate Podcasts

Investing, Business

4.11.1K Ratings

🗓️ 18 April 2026

⏱️ 47 minutes

🧾️ Download transcript

Summary

This week: Sneaker company Allbirds announced a pivot into A.I. infrastructure. Felix Salmon, Elizabeth Spiers, and Emily Peck explain why this absurd-sounding venture is actually a pretty clever piece of financial engineering. Then, the hosts get into the market surge that put the S&P 500 at a record high. And finally, the courts confirmed what we all knew: Live Nation and its subsidiary Ticketmaster are screwing everyone over. The hosts discuss what led to the federal jury ruling that the concert behemoth was acting as a monopoly.  


In the Slate Plus episode: The con behind SantaCon.


Want to hear that discussion and hear more Slate Money? Join Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Slate Money show page on Apple Podcasts and Spotify. Or, visit slate.com/moneyplus to get access wherever you listen.


Podcast production by Jessamine Molli.




Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello, welcome to Slate Money, your guide to the business and finance news of the week.

0:12.0

I'm Felix Salmon of Bloomberg. I'm here with Elizabeth Spires with The New York Times.

0:16.5

I'm here with Emily Peck of Axios.

0:19.2

Hello, hello. We are going to talk about all birds.

0:23.3

We have to talk about all birds.

0:24.6

It's the funniest story of the week.

0:26.0

So, because it's funny, we'll do it.

0:28.0

We're going to talk about stonks, because the stonks are stonking.

0:31.7

We are going to talk about Ticketmaster because everyone hates Ticketmaster.

0:36.2

We have a Slate Plus segment about Santa Con because everybody hates Santa Con.

0:41.2

And so, like, we just have a bunch of unanimous opinions on this show,

0:45.7

which isn't going to stop us from disagreeing with each other.

0:48.3

Somehow, we will work it out.

0:49.9

It is all coming up on Slate Money.

1:06.1

So sometimes something happens, which is so funny, that the jokes just write themselves,

1:14.3

and everyone has so much fun telling the jokes that no one wants to actually say,

1:18.0

well, actually, you know, there's something real going on as well.

1:21.4

And I feel like this is one of those situations.

1:25.4

And we should just get the jokes over and done with, right?

1:29.6

So, Elizabeth, why don't you tell us the joke? The joke and the reality is that Allbirds is now an AI company. Allbirds being, of course, Emily, what is all birds?

1:38.5

Well, up until recently, they made sneakers that were wool and good for the world somehow and sold to

1:48.3

tech people who wore them and they were made of wool. And that was what Allbirds was,

...

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