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Oura filed for its $11 billion IPO with 5 million subscribers and $2 billion in projected revenue. The catch: its core business model is a subscription paywall on health data that competitors already offer for free, sitting on top of a canceled Pentagon contract and an active class-action lawsuit.
Most health wearables are sold at or near cost so manufacturers can charge you forever. Here is what Oura, Whoop, and Fitbit actually cost over three years, and why Pulsyn is building a ring that does not need a subscription.
