article thumbnail

Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle

PYMNTS

But that national network of body-sculpting palaces is in disarray today, with major chains including Gold’s Gym and 24-Hour Fitness filing for Chapter 11 relief due to the coronavirus pandemic, along with a slew of other operators from privately owned yoga studios to fitness centers.

Exercises 206
article thumbnail

Shift Happens: Online Car Company Manages Crisis With Class

PYMNTS

The online car selling platform’s March town hall meeting was supposed to be a victory lap to celebrate February, which was the most successful month in the company’s five-year history. The other is a straight online purchase , in which the car is delivered from the hub to the buyer for a test drive. ”

Online 131
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CA DFPI exercises its new enforcement authority against coding school’s income-based deferred tuition agreement

CFPB Monitor

According to the consent order, Lambda offers California students the option of financing the cost of attending its online computer coding school through a contract in which the student agrees to pay Lambda a percentage of the student’s future income up to a specified amount (Contract).

article thumbnail

Big Tech Compliance Tracker: Tencent Says Big Tech Needs Greater Oversight; Group Seeks To Block Maryland Online Ad Tax

PYMNTS

The tech company’s formidable performance comes as Chinese authorities seek to exercise more control over the nation’s top digital platforms. Group Seeks to Block Maryland Online Advertising Tax. Amazon Encounters EU Charges Over Seller Data. Amazon is facing European Union charges over seller data.

Maryland 151
article thumbnail

Peloton Rival Equinox Snags Funding From Silver Lake

PYMNTS

Luxury gym operator Equinox has secured funding from Silver Lake, an equity firm, in its continuing bid to compete with exercise giant Peloton, according to a report by Bloomberg. Terms of the funding were not disclosed. Equinox already has around 100 locations throughout North America and the U.K., Peloton’s shares fell 4.9

Exercises 136
article thumbnail

Simon Property Group Looks To Raise $300 Million For Shell Company

PYMNTS

The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales. A SPAC, or blank-check company, has no commercial operations, but is formed to raise cash and go shopping for an existing company or companies to acquire.

Groups 139
article thumbnail

China’s Tencent Is Researching Potential Company Cryptocurrency

PYMNTS

Tencent, which operates WeChat, one of the largest chat platforms in the world, recently teamed up with huge diamond mining firm ALROSA , as well as blockchain operation Everledger. China has the largest number of internet users in the world, with over 800 million people online, but the country also has strict censorship policies.