See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Rowing startup Hydrow acquires a majority stake in Speede Fitness as their CEO steps down

Posted on AllSides May 9th, 2024
From The Center

Hydrow, the at-home rowing machine, announced Thursday that it has acquired a majority stake in Speede Fitness, the company behind the AI-enabled strength training machine. The rowing startup also announced that CEO and founder Bruce Smith will step down, and President and CFO John Stellato will take over day-to-day operations, per CNBC. Smith is now the chairman of Hydrow’s board. Hydrow declined to share how much of a majority stake it now has in Speed Fitness. It’s possible that the company may acquire the remainder of Speede, but it is...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://techcrunch.com/2024/05/09/rowing-company-hydrow-majority-stake-speede-fitness-ceo-steps-down

More News about General News from the Left, Center and Right

From the Left

From the Center

From the Right