All articles tagged with #pivot
Revel Transit is ending its rideshare operations in New York to focus on expanding its EV charging infrastructure, partnering with Uber and selling its vehicle licenses and fleet assets, as it shifts towards building a profitable fast-charging network to support electric vehicle adoption.
Meizu, a long-time competitor in the Android smartphone space, has announced a pivot away from traditional smartphones to focus on AI projects, such as the Rabbit R1 and the Humane AI Pin. The company's Android skin, Flyme OS, will be transitioned to work on AI terminal devices, and a new mobile OS is expected to launch this year. While Meizu plans to continue supporting its smartphones in China, it's unclear if support will continue for devices sold overseas.
Slowing inflation is putting pressure on central banks to change their monetary policy approach. As inflation rates decrease, central banks are facing the challenge of deciding whether to maintain their current stance or pivot towards more accommodative measures. This decision is crucial as it can impact economic growth, interest rates, and financial stability. Central banks must carefully assess the risks and make strategic adjustments to navigate the changing inflation landscape.
Fast-fashion startup Virgio, founded by former Myntra chief, is reportedly considering shutting down its operations less than a year after raising funds at a valuation of over $160 million. The platform, which struggled to gain traction, recently announced that it was "no longer available" but insisted it was pivoting to sustainable clothing. Two anonymous investors have stated that they were informed of Virgio's plans to wind down operations. The startup raised $37 million in Series A funding in December 2020.
Spenser Skates, the 35-year-old CEO of Amplitude, a successful analytics software business with a market cap of $1.35 billion, reveals how he and his co-founder made the decision to completely scrap their voice recognition startup, Sonalight, despite its initial success. Recognizing that Sonalight was only a "pretty good" idea and not the best they could work on, Skates and his team pivoted to focus on building their own analytics tools, which eventually led to the creation of Amplitude. The decision to chase "breakout, massive" success paid off, as Amplitude has raised $336 million from investors and Skates took the company public in 2021.
Pivot has launched its latest XC bike, the Mach 4 SL, with two versions offering a pair of travel options via a linkage-based flip chip. The lighter bike is aimed at marathon and less technical cross-country tracks, while the longer-travel bike should be ideal for those who tackle more technical XC racing or want a cross-country bike for everyday riding. The brand claims to have cut 300-400g from the previous-generation Mach 4 SL, across the different sizes, without losing stiffness.