Wearable devices aren't just about tracking your fitness. You can also use them to track your pets. Pawscout Co-Founder Aaron Lamstein explains how the company's smart tag is innovating technology for pets.
The Pawscout Smart Tag communicates with a smartphone app to track your pet's movement. Lamstein says the three advantages to Pawscout's tag are its small size, long battery life, and reasonable $19.99 price tag. "The issues around safety, community, and connection with your pet are much much more important" to pet-owners, says Lamstein.
So far Pawscout is completely self-funded. But, Lamstein says he is looking to raise venture capital funding in 2018. "Our focus has been investing wisely in places our users care about," says Lamstein. "We will probably go out and raise money sometime in mid-2018."
Soildus Labs, a market compliance and surveillance technology provider for crypto firms, has spearheaded the launch of the Crypto Market Integrity Coalition, a pledge committing to a safe and sensibly-regulated crypto industry. Kathy Kraninger, VP of Regulatory Affairs at Solidus Labs, discusses on Cheddar News' Closing Bell the biggest problems in the digital asset space that this new initiative plans to solve.
The global chip shortage continues to weigh on the automotive industry. For example, Ford says it is suspending or cutting production at eight of its factories in North America through next week due to the shortage. Balu Balakrishnan, President and CEO of Power Integrations, joins Cheddar News' Closing Bell, where he elaborates on why the chip shortage has dragged into 2022.
Peloton has weathered a seemingly never-ending storm the past few months: PR blunders, sinking customer demand, and in recent weeks, reported cost-cutting and potential layoffs. Now, several companies are said to be in the mix as potential buyers: Amazon, Netflix, Disney, and Apple. How likely is it that one of these companies pursues a deal — and how likely is it that it will be Apple who buys Peloton? Dan Ives, Managing Director of Equity Research at Wedbush Securities, joins Closing Bell to discuss his thoughts about Apple pursuing a Peloton takeover,
