قالب وردپرس درنا توس
Home / Business / Under Armour sells MyFitnessPal – TechCrunch

Under Armour sells MyFitnessPal – TechCrunch



Under armor Uber Eats abandoned a major acquisition and faced complaints about its black restaurant’s free shipping policy, while Facebook took another step to restrict content related to QAnon. This is your daily breakfast on October 30, 2020.

Big story: Under Armour is selling MyFitnessPal

Five years after Under Armour acquired MyFitnessPal for $475 million, it sold its diet and exercise tracking application to investment firm Francisco Partners for $345 million. It also closed the Endomondo platform that it acquired at the same time.

Under Armour (Under Armour) said they are taking these steps so that the brand can focus on its “target consumers-dedicated performers.”

; However, the price drop suggests that more things may happen here, and perhaps as companies such as Peloton and Apple (the forthcoming Fitness+ service) become the focus of the leisure fitness category, the business may suffer.

It is also worth noting that Under Armour has not completely abandoned digital products-it will continue to run the MapMyFitness platform, including MapMyRun and MapMyRide.

Tech giants

Uber Eats faces accusations of discrimination regarding free delivery in black-owned restaurants-Uber said it has received more than 8,500 arbitration requests because it cancelled some black-owned restaurants through Uber Eats.

Facebook restricted the distribution of the “Save Our Children” hashtag about QAnon’s relationship-these terms have provided a harmless cover for popular online conspiracy theories in the past few months.

Reliance Jio Platforms has 400 million users and is exploring expanding services outside of India. Despite the threat of the pandemic, telecom operators supported by Facebook and Google said their financial situation has improved.

Start-ups, capital and venture capital

Daimler invested in Lidar company Luminar to promote the introduction of self-driving trucks on the road-Luminar will also become a public company through the merger with the special purpose acquisition company Gores Metropoulos.

Nestlé acquired Freshly, a healthy meal startup company, at a price of $1.5B. The company was founded in 2015 and is a New York-based startup that provides healthy meals to your home every week, which can then be delivered in a microwave or oven Prepare in a few minutes.

B8ta is still optimistic about IRL shopping through the new acquisition-B8ta provides shelf space for unique digital products.

Advice and analysis from Extra Crunch

The new GV partner Terri Burns has a simple investment argument: Generation Z-Burns is the company’s youngest partner and the first black woman to hold the position.

Is the great 2020 technical rally slowing down? -What if COVID-19, turbulence and hype valuation collide?

(Reminder: Extra Crunch is our membership program designed to democratize information about startups. You can register here.)

Everything else

The teacher is leaving school. Will they start a business next? -The departure of teachers is a loss for public schools, but for start-up companies, it is an opportunity to win the share of the ever-changing teacher economy.

The “black box” algorithm of large technologies will face regulatory supervision under the EU plan-according to a proposal made by European legislators next month, major Internet platforms will be required to open their algorithms for supervision.

Steve Case, the founder of AOL, mentioned in Section 230 as early as Section 230, and now it’s time to change it: “In the third wave of the Internet, there is more The dialogue will actually be crucial.”

Daily Crunch is TechCrunch’s summary of our biggest and most important story. If you want it to be delivered to your inbox around 3pm Pacific time every day, you can subscribe here.


Source link