You don't look like your voice.... Even with podcast listening down, Spotify grew its paid subscribers by 31% in the 1st quarter. Now the Swedish audio streamer is coming for your eyes: Spotify is testing video podcasts in its app, starting with two major YouTube stars. Reportedly, the plan is to expand video to many more podcasts — with its 286M paying subscribers, Spotify could snag viewers away from Google-owned YouTube.
Spinning away the "quarantine 15"... Peloton shares hit a record high since the at-home-spin company reported explosive demand. Sales of Peloton's $2.2K spin bikes and $4.3K treadmills were up 66% for the quarter, and paid subscribers nearly 2X'd to 886K. Oh, and 176K people who don't own any Peloton hardware are also paying $19/month for fitness classes on the app. All that extra sweat led to a record-breaking 44M Peloton workouts over just 3 months.