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Can F45 rebound from millions in losses?

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Renowned fitness group F45 has confirmed 300 of its United States franchise sales have been cancelled, amid drastic financial losses

The fitness group say the nosedive of outside financing is to blame for the major axe.

A lack of third party financing has impacted the ability to carry through with franchise sales.

They have reported a loss of $US38.5 million, for the June Quarter.

“In total franchises, sales declined by 175 in the [US] region. The franchises sold in the US will comprise of 132 gross franchise sales, less 307 terminations during the quarter,”

“The terminations were due to the inability of franchisees to access the financing facilities, we announced that the end of [the first quarter].”

F45’s interim chief executive Ben Coates.
Photo credit: AP

It comes as F45’s share price also tumbled to just $1.35 last month.

However, investors have been reassured that key financiers still support the Mark Wahlberg backed business.

Mark Wahlberg backs the fitness group.

Holly is an anchor and reporter at Ticker. She's experienced in live reporting, and has previously covered the Covid-19 pandemic on-location. She's passionate about telling stories in business, climate and health.

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Business

Who killed the crypto boom?

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It has been a shocking year for crypto investors, the year that crypto came crashing down to earth.

What began as a trickle became a turning point for crypto, losing their luster and exposed as a fringe product that most sensitive, experienced investors approached with skepticism.

So how did crypto climb so high under the cover of the pandemic?

By 2022, the ads were everywhere. Crypto was taking over the superbowl, and global sport.

Hollywood’s biggest names were jumping on board, and suddenly the big banking firms were taking notice.

The tokens might have been virtual, but crypto was become a real threat, and of real interest to next gen investors. #crypto #ftx #bitcoin

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U.S. Judge dismisses Dfinity-Meta trademark case

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Meta has resolved a trademark lawsuit with Dfinity Foundation

 
Dfinity sued Meta over the infinity symbol logo that Meta adopted after changing its name from Facebook.

Dfinity alleged that the logo would cause confusion with Dfinity’s infinity-symbol trademarks.

The two parties have asked the San Francisco federal court to dismiss the case with prejudice.

Meta is still facing trademark lawsuits from Meta X and Metacapital over its name change. #Dfinity #Meta

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Elon Musk’s Tesla was blasted into space five years ago

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Musk’s Tesla is currently floating through the galaxy

Exactly five years ago,Elon Musk’s Tesla roadster was launched into space to travel on an endless joy ride through the cosmic wilderness.

And how’s this for a journey.

On its anniversary, estimates suggest the vehicle has completed three and one quarter loops around the sun and is sitting 326 kilometres from Earth.

It’s also logged up more than 4 billion kilometres, mostly travelling through a barren vacuum.

In space terms, it did get close to Mars at one point – passing within 8 million ks of the planet – or about 20 times the distance between the Earth and the moon.

Although, it’s difficult to say where the vehicle is exactly with or whether it’s still even in one piece.

It is possible the roadster may have been hit by a meteoroid or eroded by radiation. #trending #fetured

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