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The Latest Breaking News from Peloton

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

Apple Has the Money to Buy Peloton But Won't. Here's Why

The name of the giant Cupertino, Calif., computer brand is being floated by analysts to buy the struggling fitness group but a marriage between the two is not in Apple's favor.

The Street

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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

The Independent UK

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

Peloton Might Not Be the Answer For Apple's Ambitions

The name of the giant Cupertino, Calif., computer brand is being floated by analysts to buy the struggling fitness group but a marriage between the two is not in Apple's favor.

The Street

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

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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

Benzinga

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

The Independent UK

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.

Benzinga

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 Guardian - US

Peloton Ousts CEO and Fires 2,800. Can Apple Save It?

Peloton's CEO is stepping down and rumors of a buyout are spinning. Could Apple help Peloton backpedal out of its mess?

The Street

Slumping Peloton replaces CEO, cuts 2,800 jobs

New York (AFP) - Slumping home-exercise company Peloton announced Tuesday a leadership shift and layoff plan as it scales back expansion plans due to weakening demand in the shifting pandemic.

AFP

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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

The Street

Peloton Stock Surges As CEO John Foley Ousted, But Activists At Blackwells Says It's Not Enough

Pelton CEO will step down after the group posted a $266.5 million second quarter loss and unveiled a major cost-cutting overhaul many see as a move to make the fitness equipment maker more attractive for a takeover.

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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news in one place.

100’s of premium titles.
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The Street

Peloton Stock Slides On Report John Foley To Step Down, Company Plans Major Job Cuts

The Wall Street Journal is reporting that CEO John Foley will step down from the company, potentially paving the way for a sale of the connected fitness equipment maker.

The Street

Peloton, Meta, Nvidia, Take-Two and Stock Markets - Five Things You Must Know

Stock futures edge higher, with earnings, inflation in focus; Peloton shares slide amid report CEO john Foley will step down; Meta shares extend slide as early investor Peter Thiel leaves board; Nvidia shares slip after dumping $40 billion Arm takeover from Softbank and Take-Two shares slide after Q3 revenue miss

The Guardian - UK

Ofgem admits failings over energy regulation, and warns Ukraine conflict would push bills higher – as it happened

Rolling coverage of the latest economic and financial news

The Street

Tech Stocks Roundup: Who's Taking Peloton out for Dinner?

Check out the latest news and performance numbers from the top technology and MMANG stocks like Amazon, Apple, Meta, Netflix, Google, Microsoft, and more.

The Street

Peloton Stock Is Not Out of the Woods Despite M&A Hopes

Peloton stock is ripping higher on news of potentially being acquired. Here's what the charts say after an 85% decline.

The Street

A Peloton Deal Would Be Major Coup for Apple: Wedbush

Another rival getting their hands on Peloton would be a business model risk for Apple's healthcare segment and future endeavors, Wedbush noted.

Benzinga

Does A Potential Peloton Acquisition Make Strategic Sense For Apple?

Rumors of a potential sale of Peloton Interactive, Inc. (NASDAQ: PTON) have been flying thick and fast following reports of fundamental issues at the at-home fitness brand.

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