Lululemon is acquiring Mirror – ProWellTech
Lululemon is paying $ 500 million to acquire a home fitness startup, India bans TikTok and Amazon Prime Video is the latest streaming service to add a co-viewing experience.
Here is your Daily Crunch for June 30, 2020.
1. Lululemon is preparing to acquire Mirror to start the home gym for $ 500 million
The deal comes at a time when home training solutions are in high demand thanks to the COVID-19 pandemic. Even when gyms start to reopen in different places, many will likely be cautious about returning to a potentially high-risk enclosed space, at least as long as the virus continues to spread.
Although there is stiff competition in the category of connected fitness plates, including Tonal and Tempo, Mirror continues to be the group’s biggest name. And the two companies have a relationship that dates back to the end of last year, when Lululemon becomes an investor in Mirror.
2. TikTok goes down to India, its largest foreign market
An increasing number of Internet service providers in India have started to prevent their subscribers from accessing TikTok the day after the Indian government has banned the popular short video app and 58 other services for security and privacy reasons.
3. Amazon Prime Video introduces ‘Watch Party’, a social co-viewing experience included in Prime
Amazon is the latest streaming service to implement integrated support for co-viewing. While the United States was repairing itself under the coronavirus blocks, a browser extension called Netflix Party has gone viral. So HBO teamed up with browser extension maker Scener to offer a “virtual theater” experience for joint viewing, while Hulu launched its native Watch Party feature for its “No Ads” subscribers on Hulu.com .
4. After losing Grubhub, Uber reportedly calls Postmates
According to reports from the New York Times, Uber has submitted an offer to purchase the Postmates food delivery service. (Talks are still ongoing and the deal may fail.)
5. 13 Boston-based venture capitalists talk about ecological services and startup recovery
This is the second half of our Boston investor survey. Looking ahead, we asked: do investors see green shoots? When is recovery likely to start? What makes them feel hopeful in this tenuous era? (Extra Crunch subscription required.)
6. Facebook says it will prioritize original reports and “transparent parenthood” in the news feed
The change comes when several high-profile companies have stated that they will withdraw their advertising from Facebook as part of the #StopHateforProfit campaign, organized by civil rights groups as a way to put pressure on the social network to take stronger steps against speeches by hatred and disinformation.
7. In a significant expansion, Spotify will launch real-time texts in 26 markets
Last November, Spotify confirmed that it was testing real-time lyrics synchronized with music in selected markets. Today, the company is announcing the launch of its new text feature in 26 world markets in Southeast Asia, India and Latin America.
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