Headspace Wants You to Get in Touch With Your Body
*By Alyssa Caverley*
You might not think that your smartphone, with all its flashing message alerts and beeping reminders, would be the tool to help you slow down and get in touch with your thoughts.
But that's what the guided meditation app Headspace aims to do by giving its 28 million users a way to improve their health and happiness at any time of day. It was one of the top lifestyle and wellness apps in the first quarter of 2018.
"It is genuinely a coming together of a consumer need and something being offered in a very different way," said the Headspace co-founder Andy Puddicombe in an interview with Cheddar's CEO Jon Steinberg. "You have meditation that's been around for a few thousand years, so this isn't new."
Puddicombe, who trained for 10 years as a Tibetan Buddhist monk in Northern India, said that Headspace was designed to help make meditation accessible to people's modern daily lives.
"So most people think of meditation ー 'O.K. I've got to sit down on the floor, cross legged, light some incense' ー we've tried to kind of take it away from that to make you feel sort of grounded and down to earth," Puddicombe said. "So I encourage people to sit down on a comfortable chair and just focus their attention in the distance."
He said the point was to show people who download the app that meditation is an individual experience and anyone can do it. And it's Puddicombe's voice ー the voice of Headspace ー that will help guide you through it and maybe even lull you to sleep.
"Meditation gives you what you need and if, at that time, you need sleep and you feel amazing when you wake up, that's a win," he said.
For full interview, [click here](https://cheddar.com/videos/headspace-founder-on-why-meditation-app-clears-up-the-brain-fog-for-users).
Stocks closed at session lows Thursday, mostly due to a larger tech selloff after Facebook parent company Meta reported weak earnings results one day before. The Nasdaq closed down nearly 4% for its worst day since September 2020. Erin Gibbs, Chief Investment Officer at Main Street Asset Management, joins Closing Bell to discuss today's close, Meta earnings, Amazon earnings, and more
Spotify beat fourth quarter earnings expectations, and also reported a jump in monthly active users and in paid subscribers. The report comes as the company grapples with a new question: is it simply a streaming platform, or is it a media company responsible for the content it posts, like Joe Rogan's controversial podcast? Greg Martin, Co-Founder of Rainmaker Securities, joins Closing Bell to discuss why the stock took a hit even though earnings results were positive, how the company can move forward through the Rogan controversy, and more.
Chen Arad, Chief Operating Officer for Solidus Labs, joins Cheddar News' Closing Bell, where he explains why Wormhole was particularly vulnerable to a $320+ million crypto hack and discusses what new investors need to do in order to protect their assets.
E-commerce platform for construction and building materials RenoRun has raised $142 million in a Series B round, which the company says is the fourth largest Series B round in Canadian history. RenoRun’s platform offers same-day delivery of construction materials to job sites in Canada and the United States. The company aims to revolutionize the construction industry by maximizing productivity and efficiency. RenoRun co-founder and CEO Eamonn O’Rourke joins Cheddar News' Closing Bell to discuss.
Facebook parent company Meta reported weaker-than-expected fourth quarter earnings, and also issued disappointing guidance for Q1 2022. The tech giant is also under pressure due to Apple's iOS privacy change, as well as continued multi-billion dollar losses for its metaverse focused business unit. Angelo Zino, Tech Analyst at CFRA Research, joins Closing Bell to discuss the earnings results, how Apple's iOS privacy change will impact revenue, whether the metaverse is an underrated investment opportunity, and more.
The video game industry has seen monumental growth the past few years - with an increasing amount of companies jumping head first into the space. In January alone, Microsoft announced its plan to acquire Activision Blizzard, game publisher Take-Two agreed to buy Zynga, and most recently, Sony announced it has agreed to buy game developer Bungie for $3.6 billion. Tobias Batton, CEO and founder of Ex Populus, joined Cheddar Movers to discuss the surge in M&A activity in the gaming space.
Facebook parent Meta reported disappointing results in its first quarterly earnings report since rebranding to focus on the metaverse. The tech giant delivered mixed results with quarterly profit falling well below Wall Street expectations. Shares plunged more than 20 percent in after hours trading as a result. Martin Garner, COO of CCS Insight, joined Cheddar Movers to break down the company's results.
Super Group, the company behind leading global online sports betting and gaming businesses Betway and Spin, has landed on Wall Street. The company went public via SPAC with Sports Entertainment Acquisition Corp., and now lists on the NYSE under the ticker symbol 'SGHC.' This debut comes as the U.S. sports betting market continues to heat up with more and more states legalizing the practice. Eric Grubman, chairman of Super Group, joined Cheddar to discuss.
Miami wants to be the crypto capital of the world. Mayor Francis Suarez has gone all in on the blockchain, even accepting one of his first paychecks in Bitcoin, hosting one of the world's largest digital cryptocurrency conferences, and marketing Miami as a great place for tech experts to work. Maja Vujinovic, managing director of OGroupLLC, joined Cheddar's Fast Forward to discuss Miami's enthusiasm toward crypto, some of the potential risks that entails, and where the city might be heading when it comes to the crypto takeover.
