Oura’s IPO reset

Oura delayed its IPO because of a shaky market. Fitness-gadget makers face challenges besides that. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Top Stories Musical chairs: Mattel Chief Executive Officer Ynon Kreiz is leaving to be the co-CEO at Paramount Skydance. That prompted the toymaker to poach Conde Nast CEO Roger Lynch. Party of many: Tinder is rolling out a group-dating feature in the US. It’s the brand’s latest attempt to change up for jaded Gen Z users. Less schlepping: Airbnb is adding an option for guests in select US markets to rent baby gear. That means parents might be able to travel with less. Must Reads snapBen Affleck Worries More About AI Impact on Kids Than Hollywood Actor and filmmaker Ben Affleck said he’s more worried about the impact of artificial intelligence on children and society than he is about the movie industry. Sanofi, Regeneron Expand Alliance in Deal Up to $8 Billion Sanofi and Regeneron Pharmaceuticals are expanding their partnership in a deal that could see the US drugmaker receive as much as $8 billion. BOE’s Bailey Warns AI Boom Could Trigger Market Shocks Bank of England Governor Andrew Bailey warned that the UK needs to be prepared for financial market shocks triggered by a potential correction after the artificial intelligence boom. Market Snapshot Snap Inc $5.40 +1.1% Amazon.com Inc $249.15 +1.0% NIDEC CORP ¥2,100.00 -11% Market data as of 05:26 AM ET. Data is subject to provider delays. Your watchlist Beyond The Brief Oura’s last-minute decision to halt its IPO process is indicative of the many challenges facing companies competing in the crowded fitness-gadget market, Dana Wollman writes in today’s Tech In Depth. Even as a leader in its segment, the company has to contend with significant skepticism about the long-term prospects of companies selling gear and subscriptions to help consumers track and improve their health. Before You Go... Texas Stock Exchange Raises $155 Million After First Listings The parent company of the Texas Stock Exchange raised $155 million in a third funding round, bolstering its financial firepower as it challenges the NYSE and Nasdaq for equities listings. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |