News Topics
May 5, 2021
Peloton’s Bad Day Explained: Recall of Tread and Security Leak Discovered
The company announced yesterday they’re recalling Tread/Tread+ treadmills, due to safety issues (which led to the death of one child). Additionally, a story ran on TechCrunch, which outlined how security researchers had stumbled into a bug that allowed some activity and profile details to be seen for private profiles. DC Rainmaker
May 5, 2021
2021 Boston Marathon Cutoff Time Set at 7:47 Below Qualifying Time
In total, 23,824 applications were received by the Friday, April 23 registration deadline. A total of 14,609 athletes applied with a qualifying time equal to or faster than 7 minutes, 47 seconds under their respective qualifying standard or applied through the early registration period for consecutive runners. The B.A.A. was unable to accept 9,215 qualifiers...
May 4, 2021
ClassPass, Fitness Tech Firm MindBody Eye Merger, IPO
ClassPass and Mindbody, which provide technology to fitness companies worldwide, have been discussing a merger, Bloomberg reported, citing unnamed sources. ClassPass, works as a subscription-based business, allowing users to book workouts at fitness studios and other locations. In January 2020, ClassPass said its valuation was above $1 billion since it had gotten $285...
May 4, 2021
Under Armour Rallies in Q1
The company’s Q1 2021 earnings show a major bounce back from this time last year. Sales rose 35% year-over-year, bringing revenue to $1.26 billion. Online sales led the charge with 69% growth, and the company had an overall profit of $77.8 million. Front Office Sports
May 4, 2021
Zoomo raises $12 million to bolster ‘e-bikes for businesses’ model
The newest round of funding follows an $11 million Series A raise announced in August 2020, led by the CEFC. Cumulatively, Zoomo has raised $26 million in the past 24 months. Zoomo will use the funds to invest in the development and production of the brand’s next-generation vehicle offerings as well...
May 3, 2021
Fast growing running shoe company ON Running targets autumn IPO: sources
Shoe firm ON Running, backed by Swiss tennis star Roger Federer, is preparing for a U.S. stock market listing as early as this autumn in a deal valuing the firm at about $5 billion, people close to the matter said. Reuters
May 1, 2021
IRONMAN St. George: IRONMAN confirms death of participant during triathlon
A participant died during the first part of the IRONMAN St. George 70.3 course Saturday, just over an hour after the race had officially concluded. The assistant personnel overseeing the 1.3-mile swim course noticed the participant, whose name, age, gender of the athlete and other information were not disclosed, was...
April 30, 2021
Emerald Holding Sees Steep Q1 Revenue Drop
Emerald Holding Inc. reported revenues tumbled 87% as results continue to be negatively impacted by event cancellations due to the pandemic. Emerald is actively pursuing collection of the remaining unpaid amounts of filed insurance claims for its canceled and impacted 2020 events. To date, Emerald has submitted $167 million in...
April 30, 2021
British Cycling launch new research project into off-road e-Bikes
British Cycling has announced that it will be working with other cycling organisations and land managers to support a new, long-term research project into the use of off-road e-Bikes, including electric mountain bikes. The project is set to be undertaken by Edinburgh Napier University. The research will focus on current...
April 30, 2021
Peloton, Strava and TrainerRoad collect and share the most personal data, finds new cycling app study
Peloton, Strava and TrainerRoad have been found to be the most 'personal data-hungry' cycling apps, according a recent study by Supplement Timing. The study looked at over 100 of the most popular fitness and health apps available on the app store, releasing its findings to rank them according to which...