One of the celebrities of the working-out-from-home increase is struggling. Peloton gained’t go quietly although and is making some huge adjustments. The firm will substitute the CEO and co-founder, John Foley, who will develop into govt chairman, with former Spotify COO Barry McCarthy reportedly set to step into his footwear. While Foley is sticking round, the corporate is chopping round 2,800 company positions — these gained’t embody Peloton’s instructors who lead its dwell lessons. The firm mentioned in a press launch that its “monthly membership will be complimentary for impacted team members for an additional 12 months." I'm not sure how they feel about that.
This all means we're back to speculating whether Peloton might be bought and folded into a bigger entity. Reports have suggested that Amazon and Nike are both looking into the possibilities, while pundits and analysts have long suspected Apple might pick it up as part of its fitness push. It could be a cheap purchase: Peloton reached a market value of $50 billion in January 2021, but it’s currently circling a $8 billion valuation.
— Mat Smith
The biggest stories you might have missed
Samsung leak reveals some very big Galaxy S8 Tabs
Expect to see an Ultra model with a large 14.6-inch OLED screen.
Just ahead of Samsung's Unpacked event set for tomorrow, Evan Blass revealed a press release for Samsung's Galaxy Tab S8 lineup in his Substack newsletter. It confirms many key specs from , including the existence of an "Ultra model" — likely to be the most intriguing of the often straightforward, sometimes bland, tablet series. All the finer details will come later today: join us as we Samsung reveals at Unpacked later today. It all kicks off at 10 AM ET (7 AM PT).
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Apple scores its first Oscar nomination for Best Picture
Netflix leads the streaming pack with 27 nods.
Apple’s TV+ films received six Oscar nods overall, up from two last year. Most significantly, Apple has broken through in the Best Picture category. CODA is the first Apple Original movie to receive a nomination for the top prize. Elsewhere, Netflix continued to push hard for plaudits, with a whopping 27 nominations across the board. Climate change satire Don’t Look Up, packed with Oscar winners like Meryl Streep and Leonardo DiCaprio, and Western The Power of the Dog both have nominations for Best Picture.
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Samsung is adding a load of new health features to the Galaxy Watch 4
Because it’s not got a busy enough week.
Today, Samsung is rolling out an update that enhances some of the Galaxy Watch 4's and Watch 4 Classic's health and wellness features. While the watches have long been able to perform body composition scans, the update adds insights about those results powered by Chris Hemsworth's fitness app, Centr. This includes a 30-day free trial to the app, which typically only lasts for seven days — and is after that. Other features include interval training for runners, sleep coaching and a load of new watch face colors and digital watch faces.
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What we bought: A lid that makes the Instant Pot good at slow cooking
The tempered glass and steam hole make a huge difference.
The Instant Pot does a lot of things well, but there are a few upgrades if you’re looking to maximize what the giant kitchen gadget is capable of. For a lot less than the air fryer companion, you can improve the Instant Pot’s slow-cooking potential with a very simple tweak: a fitted glass lid. Editor in Chief Dana Wollman dives a little deeper into the world of Instant Pot recipes.
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Tinder will stop charging older users more for premium features
A new report details just how drastically Tinder+ prices can fluctuate.
Tinder says it"ill no longer charge older users more to use Tinder+, following a new report questioning the dating app’s practice of charging older users “substantially more.”
Tinder+ pricing can range rather a lot primarily based on customers’ age. The report relied on “mystery shoppers” in six international locations — the United States, the Netherlands, New Zealand, Korea, India and Brazil — who signed up for Tinder+. According to the report, Tinder customers between the ages of 30 and 49 have been charged a mean of 65.3 p.c greater than their youthful counterparts in each nation besides Brazil. Tinder says it plans to desert its age-based pricing altogether, having already halted it within the US, Australia and UK. (After a class-action in California.)
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Apple's Tap to Pay lets iPhones settle for contactless funds
Shops gained't want dongles or terminals to take your cash.
Apple has revealed Tap to Pay on iPhone, an upcoming function that can let companies settle for funds simply by bumping handsets (and the Apple Watch) — no further {hardware} wanted. The tech requires an iPhone XS or later and also will work with different digital wallets past the corporate’s personal Apple Pay. Likewise, it’ll be suitable with contact-free credit score and debit playing cards. Stripe is already planning to supply Tap to Pay on iPhone to enterprise prospects.
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