Company
Peloton Interactive Inc
NASDAQ:PTON
Peloton Interactive Inc is a fitness software and services company. It is the largest interactive fitness platform in the world, with a loyal community of more than 3.1 million members. We pioneered connected, technology-enabled fitness and the streaming of immersive, instructor-led boutique classes to our members anytime, anywhere.
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Peloton Interactive says co-founder John Foley and other senior management to leave the company in shake-up
Foley, who led the company for most of its 10-year existence, stepped down as CEO in February but remained executive chairman of the board
Peloton Interactive posts losses of more than $1.2 billion in its fiscal fourth quarter as revenue plunges
The company saw its revenue for the fourth quarter to June 30, 2022, drop to $679 million, down nearly 30% from a year earlier as declining exercise-equipment sales more than offset higher revenue from subscriptions.
Peloton stock soars as company announces agreement to sell exercise bikes and fitness accessories through Amazon
The Peloton exercise bike, guide, and selected accessories and apparel are available for purchase on Amazon's US stores, with bike delivery available to most of the country
One hundred million Peloton subscribers? On your bike!
Premium fitness equipment sold like hot cakes in the pandemic… That could have been a poison chalice for Peloton
Home gym Tonal tones up for IPO or recessions by shedding 35% of workforce
All impacted Tonal employees will receive a minimum of eight weeks of continued pay, as well as health-care benefits through September
Peloton Interactive deep in the mire as lockdown boom evaporates
Peloton also signed a US$750mln five-year term loan agreement with JPMorgan Chase & Co and Goldman Sachs Group, reflecting its challenges
Peloton Interactive reportedly seeking a sugar-daddy backer
The search for a backer is said to be at an early stage, according to an unnamed source
Peloton plans to replace CEO John Foley and cut 2,800 jobs - report
There has been a flurry of bid speculation surrounding the embattled home gym group in recent days with Amazon, Nike, Apple, and Walt Disney being cited as possible buyers
Apple is the latest name touted as possible buyer of Peloton Interactive Inc
Either Nike or Amazon moving for Petolton could force Apple into a high price acquisition, according to stockbroker Wedbush.
Peloton Interactive set for bounce after Thursday’s pain
The exercise bike maker is 'right sizing' and 'evolving to more seasonal demand'.
Peloton cuts guidance as easing of COVID-19 lockdowns sees the return of the gym
“The primary drivers of our reduced forecast are a more pronounced tapering of demand related to the ongoing opening of the economy,” the company said
Peloton Interactive shareholders feel the burn as it posts heavier than expected losses
The company has cut the prices of its flagship product for the second time this year