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Market capitalization tells you how much a company is worth, and whether buying its stock suits your overall investing strategy

Stocks are often classified by their market caps, and each market-cap category offers different risks and rewards for investors. picture alliance / Contributor/Getty Images Market capitalization ("market cap") is the total value of all a company's stock: the number of outstanding shares by the share price. Stocks are often categorized by the size of their market capitalization: large-cap, mid-cap, small-cap, or micro-cap. An indicator of financial strength, market capitalization suggests h...
Tags: Apple, Finance, Trends, Maxwell, Tripadvisor, Johnson, Freelance, Coo, Aapl, Market Cap, Apple AAPL, Creighton University, Peloton, Diamondback Energy, Robert R Johnson, Ryan Maxwell


Salut raises $1.25M for its virtual fitness service

This morning Salut, an app-based service that allows fitness trainers to host classes virtually, announced that it has raised $1.25 million in a new financing event. The round was led by Charles Hudson, an investor at Precursor Ventures. Founder Matthew DiPietro, formerly of Twitch, told TechCrunch that Salut soft-launched in mid-September, with a wider release coming today. DiPietro thought up the concept behind Salut before the pandemic hit, he said during an interview, but after COVID-19 appe...
Tags: Fundings & Exits, Startups, Apps, Tech, Matthew DiPietro, Peloton, DiPietro, Charles Hudson, Precursor Ventures, Salut, Virtual Group Fitness Instructor V GFI


How Ryan Reynolds and Mint Mobile worked without becoming the joke

In the past decade, celebrity interest and investment in tech companies has significantly increased. But not all celebrity investments are created equally. Some investors, like Ashton Kutcher, have prioritized the VC pursuits. Some have invested casually without getting overly involved. Others have used their considerable platforms to market their portfolio to varying degrees of success. It’s been a little over a year since Ryan Reynolds bought a majority stake in Mint Mobile, a deal that has...
Tags: Travel, Startups, TC, Mobile, Jay Z, Canada, Justin Bieber, New York Times, Alicia Keys, Portland, Venture Capital, Lady Gaga, Ashton Kutcher, Ryan Reynolds, Lenovo, Justin Timberlake


As the pandemic shatters Americans' mental health, the FDA, psychiatrists, and developers are betting on smartphone apps to treat them directly

A woman seen walking past a charity's shopfront in Stoke-on-Trent, England, on October 28, 2020. Nathan Stirk/Getty Images The COVID-19 pandemic has exacerbated the US mental-health crisis, with apps like Calm and Headspace booming as people try to cope. Now, a new cohort of apps are working to directly treat mental illness, rather than just help people get by. Three such companies told Business Insider their programs can drive similar results as medication, and said they believe in-pe...
Tags: Apple, Google, Facebook, Washington Post, US, Trends, Mental Health, Depression, Healthcare, News UK, Cambridge, Food And Drug Administration, Fda, Haim, Apple Store, Digital Health


Gift Guide: Smart exercise gear to hunker down and get fit with

Welcome to TechCrunch’s 2020 Holiday Gift Guide! Need help with gift ideas? We’re here to help! We’ll be rolling out gift guides from now through the end of December. You can find our other guides right here. Home exercise gear is always a nice holiday gift choice for anyone who has expressed interest in staying healthy and getting more fit, but during the ongoing COVID-19 pandemic it’s more relevant than ever. Luckily, smart exercise and health gear is smarter than ever, making it perfect for t...
Tags: Health, TC, Gadgets, Tech, Peloton, Hydrow, Jaxjox, Gift Guide 2020, JAXJOX Tangram Factory, Tangram Factory Rookie, Body Cardio


How the pandemic drove the IPO wave we see today

This is The TechCrunch Exchange, a newsletter that goes out on Saturdays, based on the column of the same name. You can sign up for the email here. I had a neat look into the world of mental health startup fundraising planned for this week, but after being slow-motion carpet-bombed by S-1s, that is now shoved off to Monday and we have to pause and talk about COVID-19. The pandemic has been the most animating force for startups and venture capital in 2020, discounting the slow movement of glob...
Tags: Google, Fundings & Exits, Startups, Ipo, Virginia, United States, Bird, Airbnb, Exchange, Sapphire Ventures, Byron Deeter, Doordash, Bessemer, Klarna, SPAC, Peloton


Extra Crunch roundup: A fistful of IPOs, Affirm’s Peloton problem, Zoom Apps and more

DoorDash, Affirm, Roblox, Airbnb, C3.ai and Wish all filed to go public in recent days, which means some venture capitalists are having the best week of their lives. Tech companies that go public capture our imagination because they are literal happy endings. An Initial Public Offering is the promised land for startup pilgrims who may wander the desert for years seeking product-market fit. After all, the “I” in “ISO” stands for “incentive.” A flurry of new S-1s in a single week forced me to r...
Tags: Fundings & Exits, Startups, TC, Gaming, Entrepreneurship, China, Ipo, India, San Francisco, Tech, ISO, NewCo, Alibaba, Venture Capital, Airbnb, Autodesk


Affirm revealed its IPO paperwork. Here's a look inside the buy now, pay later frenzy, the new twist on financing that is a must have for everyone.

Klarna markets itself as a 'smoooth shopping' experience. Thomas Concordia/Getty Images Point-of-sale financing isn't new, but it's gotten renewed attention as a wave of startups like Affirm, Afterpay, and Klarna acquired millions of new users during the coronavirus pandemic. On Wednesday, Affim published its S-1, the paper detailing its planned initial public offering.  These fintechs offer consumers the ability to buy now, pay later, both online and in-store. And now, incumbents ...
Tags: Apple, Google, Amazon, Japan, UK, Etsy, Australia, France, Finance, China, US, Trends, Paypal, David, Canada, Tencent


Biden's Treasury pick — Privacy concerns for on-demand pay — Legal-tech deals

Trader Peter Mancuso prepares for the day's trading, on the floor of the New York Stock Exchange, Thursday, March 5, 2020. (AP Photo/Richard Drew) Associated Press Happy Friday!It's been quite the week, which is often the case this time of year as people look to wrap things up before the holidays. However, one big bit of news could still be yet to come.President-elect Joe Biden told reporters he's made his pick for who he will nominate for Treasury secretary, adding that the decision wi...
Tags: Trends, Joe Biden, Gm, Treasury, Fidelity, New York Stock Exchange, Biden, Max Levchin, Costco, WSJ, Peloton, Perella Weinberg, Dan DeFrancesco, Shannen Balogh, Yoonji Han, Samantha Stokes


Inside Affirm’s IPO filing: A look at its economics, profits and revenue concentration

Last night Affirm filed to go public, herding yet another unicorn into the end-of-year IPO corral. The consumer installment lending service joins DoorDash and Airbnb in filing recently, as a number of highly valued, venture-backed private companies look to float while the public markets are more interested in growth than profits. TechCrunch took an initial dive into Affirm’s numbers yesterday, so if you need a broad overview, please head here. This morning we’re going deeper into the company’...
Tags: Fundings & Exits, Startups, TC, Ecommerce, Finance, Tech, Airbnb, Max Levchin, Twilio, Affirm, Peloton, The Exchange, Tiktok, COVID


28 luxury gifts that people are obsessing over this year

From Diptyque candles to Golden Goose sneakers to the coveted Peloton, these are the expensive gifts people are obsessing over in 2020.         [Author: Reviewed.com]
Tags: News, Peloton, Reviewed.com


Affirm just made its IPO filing public, providing the first detailed look inside the breakout 'buy now, pay later' fintech startup's finances

Affirm CEO Max Levchin. Drew Angerer/Getty Images Affirm, a fintech startup that enables consumers to pay for online purchases as they go, publicly revealed its initial public offering documents on Wednesday. The company reported a net annual loss of $125.8 million for its latest fiscal year, which ended in June, down 6% from 2019 — while its annual revenue nearly doubled year-over-year to $509.5 million. Affirm, founded and headed by PayPal alum Max Levchin, confidentially filed to go pub...
Tags: Finance, Ipo, Trends, Markets, Adidas, Paypal, Barclays, Max Levchin, Wall Street Journal, Fintech, Affirm, Business Insider, Levchin, Peloton, Tech Insider, Brooklinen


Affirm files to go public

Affirm, a consumer finance business founded by PayPal mafia member Max Levchin, filed to go public this afternoon. The company’s financial results show that Affirm, which doles out personalized loans on an installment basis to consumers at the point of sale, has an enticing combination of rapidly expanding revenues and slimming losses. Growth and a path to profitability has been a winning duo in 2020 as a number of unicorns with similar metrics have seen strong pricing in their debuts, and wi...
Tags: Fundings & Exits, Startups, Ipo, San Francisco, Tech, Paypal, Airbnb, Public, Max Levchin, S-1, Fintech, Affirm, Peloton, GMV


Dow posts first record close since February as Moderna vaccine data spurs optimism

Getty Images / Scott Olson US equities soared on Monday after Moderna's encouraging vaccine update lifted hopes for a complete economic recovery.The Dow Jones industrial average and S&P 500 finished the day at all-time high levels. It marks the Dow's first record close since February.Moderna said Monday that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in trial patients. The biotech company plans to apply for emergency use authorization later this month.T...
Tags: US, Trends, Markets, Netflix, Barclays, Delta, Hotel, Treasury, Oil Price, Goldman Sachs, Pfizer, Airlines, Morgan Stanley, Nasdaq, Goldman, Dow Jones


Alexa users stopped asking 'What time is it?' and started asking 'What day is it?' in the early months of the pandemic

Hollis Johnson/Business Insider Amazon tracks trends in how users interact with its Alexa-powered smart speakers, and it noticed a change in the early days of the coronavirus pandemic.  Instead of asking Alexa, "What time is it?" people started asking, "What day is it?" Amazon also noticed other changes in user behavior, like an uptick in people using communication tools and increases in people streaming workout and meditation classes on Fire TV.  Overall, it appears smart-speaker use has...
Tags: Amazon, UK, US, Trends, Npr, Amazon Echo, Alexa, Strategy Analytics, Business Insider, Amazon Amazon, Edison Research, Peloton, Rausch, Hollis Johnson, Tech Insider, Smart Speakers


Dow soars 450 points to new record as Moderna's vaccine update boosts investor optimism

Brendan McDermid/Reuters US equities soared on Monday after Moderna's encouraging vaccine update lifted hopes for a complete economic recovery.Moderna announced Monday that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in trial patients. Moderna plans to apply for emergency use authorization later this month.The Dow Jones industrial average hit an intraday record, while the S&P 500 traded less than 1% from its own all-time high.The news specifically lifted...
Tags: US, Trends, Markets, Netflix, Barclays, Delta, Economic recovery, Hotel, Treasury, Oil Price, Pfizer, Airlines, Nasdaq, Goldman, Dow Jones, Gold Price


Travel stocks rally after Moderna's vaccine progress lifts hopes for near-term reopening

Robert Alexander/Getty Images Airlines, cruises, and hotels all traded higher on Monday as encouraging results from Moderna's vaccine trial boosted the so-called reopening trade.Moderna announced Monday morning that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in trial patients.United Airlines, American Airlines and Delta jumped more than 5%.Cruises stocks rallied roughly 7%, while Mariott International and Hilton Hotels also saw strong gains.Visit the Bu...
Tags: Cruises, US, Trends, Markets, Netflix, Delta, Pfizer, Airlines, DAL, Nasdaq, Goldman, Jpmorgan, Cruise Lines, US Food and Drug Administration, Marriott International, CCL


Dow soars 375 points to near-record as Moderna's vaccine update boosts investor optimism

Brendan McDermid/Reuters US equities soared on Monday after Moderna's encouraging vaccine update lifted hopes for a complete economic recovery.Moderna announced Monday that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in trial patients. Moderna plans to apply for emergency use authorization later this month.Both the S&P 500 and Dow Jones industrial average opened within 1% of all-time highs.The news specifically lifted so-called reopening stocks including...
Tags: US, Trends, Markets, Netflix, Barclays, Delta, Economic recovery, Hotel, Treasury, Oil Price, Pfizer, Airlines, Nasdaq, Goldman, Dow Jones, Gold Price


Zoom, Peloton, and other 'stay-at-home' stocks tumble after Moderna's COVID-19 vaccine proves extremely effective

Peloton "Stay-at-home" stocks including Zoom, Etsy, and Peloton tumbled in pre-market trading on Monday after Moderna revealed its COVID-19 vaccine was almost 95% effective in a late-stage trial.Docusign, Wayfair, Fastly, and other stocks that have at least partly benefited from the pandemic also retreated.In contrast, airlines, cruise lines, manufacturers, and other "real economy" stocks jumped as investors wagered the vaccine would allow economies to reopen in a matter of months.Visit...
Tags: Etsy, US, Trends, Netflix, Pfizer, Royal Caribbean, Peloton, Moderna, Theron Mohamed, Etsy Peloton, Peloton Stay, Boeing Ford General Electric


Insider Retail: Supreme sells out, Midwestern big-box stores are thriving, and demand for virtual fitness continues to skyrocket during the pandemic

McDonald's is teaming with Beyond Meat for its forthcoming McPlant menu. McDonald's Hello! We've survived yet another week of 2020! Much like the weeks prior, this certainly wasn't an easy one, but regardless, we are very happy you're here and pleased to present you with the latest in retail news.We hope it may momentarily take your mind off the uncertainty of the US government and rising COVID-19 rates. (Ugh, sorry I mentioned it. Instead, take a look at this incredibly beautiful T...
Tags: Amazon, New York, California, US, Trends, Walmart, Msnbc, Perdue, Taco Bell, Midwest, Lululemon, McDonald, Cain, John Foley, Aine, Steve Kornacki


How Biden will shape the energy industry, and what's next for oil after a tumultuous few weeks

Workers install solar panels on a home in Palmetto Bay, Florida Joe Raedle/Getty Images Welcome to Insider Energy, a weekly energy newsletter brought to you by Business Insider. Here's what you need to know:Want to get Insider Energy in your inbox every Friday? Sign up here. Do you have feedback or story tips? Reach out to me at [email protected] Later this month BI is launching a newsletter called 10 Things in Politics You Need to Know Today, which will feature a daily roundup of...
Tags: Europe, Washington Post, Senate, US, Trends, Bloomberg, Joe Biden, New York Times, Iowa, SEC, Goldman Sachs, Pfizer, Biden, Morgan Stanley, ESG, Trump


L'Oréal's US CMO bolts for at-home fitness startup Hydrow

Hi! Welcome to the Insider Advertising daily for November 13. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at [email protected]: We are looking for nominations for the top PR firms in the tech industry. Nominations are open until November 18.Today's news: L'Oréal's US chief marketing officer Gretchen Saegh-Fleming leaves for at-home fitness startup Hydrow, inside...
Tags: Media, Advertising, Marketing, Disney, US, Trends, Public Relations, Cnn, L'oreal, Goldman Sachs, Jason Kilar, Oreal, Kilar, Peloton, Bridgewater Associates, Sard Verbinnen Co


Amazon's smart home chief says its Alexa devices are being used more than before the pandemic, with spikes in everything from streamed Peloton classes to requests for bread recipes

The Amazon Echo Show 5. Hollis Johnson/Business Insider As coronavirus cases rise and people continue staying home, Amazon says people are using their smart home devices more than they were before the pandemic. "We do definitely see in the data that some dominant patterns are different — use is just a little bit more consistent throughout the day versus having peaks and valleys around when people leave their home during the day and come back," Daniel Rausch, Amazon's vice president of smar...
Tags: Amazon, America, Trends, Fire TV, Amazon Echo, Alexa, Business Insider, Peloton, Rausch, Tech Insider, Avery Hartmans, Amazon Echo Show, Hollis Johnson Business Insider, Coronavirus, July Amazon, Daniel Rausch Amazon


These 6 ecommerce companies will continue to thrive in a post-pandemic world, Stifel says

Tashdique Mehtaj Ahmed/Getty Images E-commerce companies have thrived amid the COVID-19 pandemic as more people have shifted to online shopping to avoid physical trips to the store.But the accelerated adoption of e-commerce is set to stall as the world gets back to normal once a COVID-19 vaccine is made widely available in 2021, according to a note from Stifel.An initial shift by consumers to services and experience spending over material goods will likely present a headwind for e-commerce...
Tags: Amazon, Etsy, Ebay, Wall Street, Trends, Netflix, Pfizer, Wayfair, Stifel, Amazon Amazon, Peloton, Netflix Netflix, Matthew Fox, Wayfair Wayfair, Tashdique Mehtaj Ahmed Getty, Stifel Visit Business Insider


Peloton taps Beyoncé for multi-year partnership

The deal will include fitness programming at historically Black colleges and universities.
Tags: Beyonce, Advertising, Black, Peloton


Peloton erases losses and rallies 9% after signing a multiyear deal with Beyoncé

Beyoncé at a "Lion King" premiere in London on July 14, 2019. Dave J Hogan/Getty Images Peloton rose out of a morning loss and jumped as much as 8.6% on Tuesday after announcing a multiyear partnership with Beyoncé.Peloton said the launch coincided with homecoming, an annual fall celebration for students at historically Black colleges and universities.Peloton and Beyoncé said they would give two-year Peloton subscriptions to students at 10 such schools.The gains led Peloton to outperform ot...
Tags: Amazon, London, Beyonce, US, Trends, Pfizer, Black, Dallas Fed, Peloton, Dave J Hogan Getty, Ben Winck, Watch Peloton, Beyonce Peloton


Peloton strikes multi-year deal with Beyoncé that will bring themed workouts to the app and free memberships for HBCU students

Barbara Davidson/Getty Images Peloton is partnering with Beyoncé to provide Homecoming-themed workouts, as celebrations have been moved online. Beyonce, the most requested artist on the platform, will work with Peloton as part of a multi-year effort. As part of the collaboration, students at 10 participating HBCUs can also get a free two-year digital membership by signing up through the end of November.  Visit Business Insider's homepage for more stories. Beyoncé is teaming up with Peloto...
Tags: Beyonce, Trends, Chase Sapphire, Barbara Smith, Peloton, Gwen Bethel Riley, Barbara Davidson Getty Images Peloton