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The Latest Breaking News from Peloton

Peloton employees say company sold rusty bikes to unwitting customers

Employees tell the 'Financial Times' that “Project Tinman” was an organized effort to cosmetically alter and sell rusted exercise bikes without customer knowledge.

Input

'Wait Until The Interview To Make A Decision': Peloton CEO Will Be On Cramer's 'Mad Money' Tonight

Peloton Interactive Inc (NASDAQ: PTON) is looking to turn things around after seeing its stock fall more than 75% over the last year.

Benzinga

New Peloton Lanebreak Similar To Video Game: Is It More Than Meets The Eye?

Fitness company Peloton Interactive Inc (NASDAQ: PTON) launched a new gaming feature for some of its users. Here’s what one venture capital firm thinks about the launch and the future of Peloton.

Benzinga

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Ryan Reynolds wants to make ‘Super Bowl-level ads’, but that doesn’t mean big bucks

Ryan Reynolds co-founded Maximum Effort marketing, the agency behind those viral ads for Mint Mobile and dating site Match.

The New Daily

Peloton's Alex Toussaint Wins Celebrity All-Star Game MVP

The famed instructor's basketball ability was on full display in Friday night's Celebrity All-Star Game.

Sports Illustrated

Inside Peloton’s epic run of bungled calls and bad luck

It was a darling with investors and customers. What went wrong?

Financial Times

Why This Activist Peloton Investor Wants The Company Put Up For Sale

Activist investor Blackwells Capital is calling on Peloton Interactive Inc (NASDAQ: PTON) to seek a buyout rather than restructure its struggling business internally.

Benzinga

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Apple, Peloton, Amazon, Bitcoin — The Cogs In Affirm's 'Buy Now, Pay Later' Lending Machine

Affirm Holdings Inc (NASDAQ: AFRM) mentioned certain key drivers of its growth in the company’s second-quarter

Benzinga

Fired Peloton Employees Crash CEO's Welcome Meeting

It seems the recently announced CEO transition at Peloton Interactive Inc (NASDAQ: PTON) is off to a bumpy start.

Benzinga

Fired Peloton employees flood call to introduce new CEO: ‘This is awfully tone deaf’

Meeting was held day after company laid off 2,800 employees

The Independent UK

Benzinga's Daily Brief On Trending Tickers For Feb. 9, 2022: Peloton, GameStop And More

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.

Benzinga

Peloton Story Not Fully Written Yet: Analyst Counts Bike Maker Among 'Generational Companies' Alongside Apple, Amazon

Loup Funds analysts Gene Munster, Doug Clinton, and Andrew Murphy discussed Peloton Interactive Inc’s (NASDAQ: PTON) attempts to “steady the ship” as the fitness equipment maker undergoes a leadership change.

Benzinga

Peloton is bracing to go it alone

Peloton seems poised to tune out reports of activists and potential acquirers.

Axios

Peloton boss John Foley steps down as firm cuts 2,800 jobs amid post-lockdown sales slump

Sales of the bikes soared during Covid lockdowns but the firm's value has plummeted after the return to gyms

Wales Online

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The Independent UK

Peloton gives up plan to open Ohio factory with 2,000 jobs

Peloton is ending its plans to open its first U.S. factory in Ohio

Benzinga

Could Peloton Buy Blue Apron? Here's Why Citron's Andrew Left Says Yes

Peloton Interactive Inc (NASDAQ: PTON) could purchase meal kit service Blue Apron Holdings Inc (NYSE: APRN), Citron Research analyst Andrew Left said in a Tuesday note.&nbs

Benzinga

Is The Peloton Surge A Short Squeeze? Josh Brown Thinks So

Peloton Interactive Inc (NASDAQ: PTON) is down nearly 75% over the last year, but the stock is surging by more than 30% Tuesday amid continued acquisition speculation and a

Benzinga

The Upside Potential For Peloton: It's Not Just A Bike With An iPad Attached. How To Hold It While Limiting Your Downside Risk.

Peloton instructor Kendall Toole before one of her recent live rides. (Photo via author) Not Just An Bike With An iPad Attached

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The Independent UK

Peloton lays off 2,800 workers and offers them one-year subscription as severance

‘The Peloton monthly membership will be complimentary for impacted team members for an additional 12 months,’ outgoing CEO John Foley told employees

Benzinga

Why This Peloton Analyst Thinks John Foley's Exit Increases The Possibility Of A Sale

Peloton Interactive, Inc. (NASDAQ: PTON) announced a leadership transition on Tuesday, along with restructuring measures as it grapples with slowing growth in a post-pandemic economy.

Benzinga

Peloton Q2 Earnings Highlights: Revenue Miss, CEO Transition, Restructuring Plan And More

Connected fitness company Peloton Interactive (NASDAQ: PTON) reported second quarter financial results before market open Tuesday. The company also announced several management changes. Here are the key details.

The Guardian - US

Peloton to replace chief executive and cut 2,800 jobs amid sales slump

Barry McCarthy to replace co-founder John Foley in top role after company’s sales dropped from pandemic’s early days

The Independent UK

Peloton co-founder steps down after rough ride

The co-founder of Peloton is stepping down after an extended streak of tumult at the exercise and treadmill company

Benzinga

Peloton Interactive CEO John Foley to Step Down: Report

Peloton Interactive Inc's (NASDAQ:PTON) co-founder John Foley is stepping down as CEO and will become executive chair, The Wall Street Journal reported. Barry McCarthy, the former chief financial officer of Spotify Technology SA (NYSE:SPOT) and Netflix Inc (NASDAQ:NFLX), will become CEO and president and join Peloton's board. Peloton also plans to cut 2,800 jobs to cope…

Axios

Peloton CEO John Foley stepping down to become executive chair

The exercise bike maker also plans to cut about 2,800 jobs, which represents about 20% of its corporate workforce.

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