Finance
Beachbody Shares Drop After Q3 Results
Before the drop in shares, Beachbody reported that sales were down 17%, with CEO Carl Daikeler calling the results 'unacceptable.'
Peloton Strategizes as It Announces Selling $1B Shares
The sale of Peloton's Class A common shares will net company approx. $1.07b, & will increase cash flow to compensate for its recent troubles.
Hyperice adds Athlete Investors
Existing investors in Hyperice are Naomi Osaka, Seth Curry, Anthony Davis, Rickie Fowler, DeAndre Jordan, Jarvis Landry, and Patrick Mahomes.
SPAC Speculation Continues for Equinox
Equinox was reportedly in recent talks for an IPO via a merger with the SPAC Ares Acquisition Corporation.
Johnson Fitness and Wellness Acquiring All Gym Source Retail Spots
The acquisition will boost the number of Johnson Fitness and Wellness stores to 100 in the US and 365 globally.
Vagaro Reaches Unicorn Status
Vagaro says despite pandemic, it has helped clients achieve sales growth of 105+% in 2020 & sales are up approx. 15% more than pre-Covid-19.
Kobe Bryant Praised as Coca-Cola Acquires Bodyarmor
Bodyarmor will continue to be based in New York and managed separately within the Coca-Cola operating division with the new deal.
Planet Fitness Stock Surges
Planet Fitness stock soared, hitting an all-time high after strong third-quarter earnings & membership nearly returning to pre-COVID levels.
Peloton Forecast: Is the Company in for a Rough Ride?
In response to the holiday forecast, Peloton shares fell 25%. The company has revised its future expectations.
Meta to Acquire Within, a VR Company
Meta says popular & other-worldly fitness app Supernatural, developed by Within, will work independently & create additional VR experiences.
