Selina Tobaccowala was working at SurveyMonkey when her mentor and good friend, CEO Dave Goldberg, passed away. His sudden death put her life in perspective. Tobaccowala herself was working endless hours and leaving little time for her health. Now, the entrepreneur has launched Gixo.
Tobaccowala joins Cheddar to explain her new app. The fitness platform effectively turns a user's smartphone into a mobile gym. Gixo offers 180 live fitness classes, and costs $24.99 a month for the unlimited option. Tobaccowala could see that U.S. consumers, and millennials in particular, are interested in interactive, experiential workouts. Tobaccowala and her co-founder, Al Lieb, wanted to create an option for that consumer that didn't cost as much as a traditional gym membership or a boutique fitness class.
Gixo classes are primarily conducted with audio, and users can sync their wearables to the app. Because the classes are live, coaches can give feedback to the user after the class.
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As Russian forces invade Ukraine, millions of dollars in cryptocurrency has flowed into the country to lend support. Russian citizens are also seeing the appeal after sanctions have made their traditional banks unreliable. Robbie Heeger, president and CEO of Endaoment, joins Cheddar News to discuss.
Amazon unveiled its new mobile app called Amp as a direct competitor to Clubhouse, allowing people to host live radio shows. Although it is still in beta, users can join the waitlist from the iOS store.
The war in Ukraine continues to reveal heartbreaking gut-wrenching stories. The war in itself is not only devastating but also expensive. Experts estimate that Russia is draining nearly $20 million dollars each day to continue occupying and invading Ukraine. All this could force the country to turn to cryptocurrencies. It's a major turn for the country that briefly considered outlined digital assets entirely, but it could also have serious implications for cryptos. Managing Director at Quantum Fintech Group, Harry Yeh, joined Cheddar to discuss more.