Episode Details
Back to EpisodesCommonwealth Fusion Systems leans on magnets for near-term revenue; plus the company behind ClassPass and Mindbody just got a lot bigger with a $7.5B merger
Published 1 week, 6 days ago
Description
Realta Fusion is buying magnets from Commonwealth Fusion Systems, providing a revenue stopgap.
Also, the merger is a sign that the fitness industry is continuing to move toward consolidation to compete at a larger scale. Recent moves include MyFitnessPal acquiring Cal AI, an AI calorie counting app, and Strava buying two apps: cycling app The Breakaway and running app Runna.
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