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Zumba has a vast global following, with an estimated 15 million participants in its dance workouts.
Unlike other fitness companies, Zumba makes its money through instructor training and licensing.
Zumba launched its first streaming platform, in an effort to support instructors amid the pandemic.
When the pandemic hit, Zumba CEO Alberto Perlman made a bee-line over to the company s tech department and asked them to create a streaming fitness platform in 60 days.
Hesitant but determined, the 50-person tech team at Zumba headquarters in Hallandale Beach, Florida, got to work. Just under two months later, Zumba debuted its first consumer-facing digital fitness product, which allowed dance enthusiasts to stream workout classes around the world.
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hearing began with protests. stop foreclosures now. stop foreclosures now. reporter: and then it turned to explanations and apologies. dimon blamed his bank s big trading losses on poor internal oversight and a switch to a new risk management model. this portfolio morphed into something that, rather than protect the firm, created new and potentially larger risks. as a result, we have let a lot of people down, and we are sorry for it. reporter: dimon is the most vocal critic of the volcker rule limiting risky trading by big banks. but today, he gave a little ground. the irony to me is if there was a good volcker rule in place they may not have been able to do this. i don t know what the volcker rule is. it hasn t been written yet. it s very complicated. it may very well have stopped parts of what this portfolio morphed into. reporter: but later, dimon called the entire dodd-frank financial reform law overly complicated and confusing and he warned the volcker rule
reporter: the high profile hearing began with protests. stop foreclosures now. stop foreclosures now. reporter: and then it turned to explanations and apologies. dimon blamed his bank s big trading losses on poor internal oversight and a switch to a new risk management model. this portfolio morphed into something that, rather than protect the firm, created new and potentially larger risks. as a result, we have let a lot of people down, and we are sorry for it. reporter: dimon is the most vocal critic of the volcker rule limiting risky trading by big banks. but today, he gave a little ground. the irony to me is if there was a good volcker rule in place they may not have been able to do this. i don t know what the volcker rule is. it hasn t been written yet. it s very complicated. it may very well have stopped parts of what this portfolio morphed into. reporter: but later, dimon called the entire dodd-frank financial reform law overly complicated and confusing a
reporter: the high profile hearing began with protests. stop foreclosures now. stop foreclosures now. reporter: and then it turned to explanations and apologies. dimon blamed his bank s big trading losses on poor internal oversight and a switch to a new risk management model. this portfolio morphed into something that, rather than protect the firm, created new and potentially larger risks. as a result, we have let a lot of people down, and we are sorry for it. reporter: dimon is the most vocal critic of the volcker rule limiting risky trading by big banks. but today, he gave a little ground. the irony to me is if there was a good volcker rule in place they may not have been able to do this. i don t know what the volcker rule is. it hasn t been written yet. it s very complicated. it may very well have stopped parts of what this portfolio morphed into. reporter: but later, dimon called the entire dodd-frank financial reform law overly complicated and confusing a