Peloton shares stumbled in early trading after the company reported a 13 percent year-over-year drop in revenue for the fiscal third quarter, marking the third straight quarter of declining sales.
Peloton, the once-booming exercise equipment company, is facing a lawsuit that claims it illegally sold customer data for use in training AI systems. The company is sweating its legal trouble as a California judge has denied its attempt to dismiss the lawsuit.
Peloton, the once-thriving fitness company, has hit another rough patch as it struggles to regain its footing in the post-pandemic era. CEO Barry McCarthy is now stepping down after the company’s share price dropped about 92 percent during his tenure.
World-class director Christopher Nolan recently recalled a hilarious moment when a Peloton instructor trashed one of his films.
UFC boss Dana White was flabbergasted that the Peloton exercise bike company demanded that its ads be pulled from a podcast.
A mother is suing the fitness company Peloton, claiming its exercise bike killed her son during a workout inside his Brooklyn home.
Peloton shares cratered 30 percent on Wednesday to an all-time low, with the company warning of a negative cash flow in the next two quarters. Peloton stock has dropped 95 percent from its high during the coronavirus pandemic.
Peloton, the widely popular internet-connected fitness equipment company, has issued a recall for more than two million exercise bikes in the United States over safety concerns.
Peloton issued a statement Wednesday outlining their plan to ban Kanye West’s music in the aftermath of the rapper’s antisemitic tweet of October 9th.
The House of Representatives is planning to give all its staffers free Peloton memberships using taxpayer dollars at the same time Americans are facing rising gas and food prices due to inflation, according to reports.
Peloton has faced a number of crises in recent months, now the company is facing yet another as details of a plan to conceal the internal corrosion of exercise machines referred to internally as “Project Tinman,” are made public. One outraged employee who came forward said: “It was the single driving factor in my beginning stages of hatred for the company that I had spent the previous year and a half falling in love with.”
Troubled exercise bike maker Peloton held a virtual all-hands meeting this week that was promptly accessed by angry laid-off employees. As former employees added messages like “I’m selling all my Peloton apparel to pay my bills!!!,” the meeting was quickly shut down as yet another failure for the formerly high-flying company.
Exercise bike maker Peloton has reportedly laid off 2,800 employees, representing 20 percent of the company’s workforce, and provided them with a severance package which includes a 12-month subscription to the Peloton exercise service.
Peloton CEO John Foley is set to step down as the company continues to struggle, taking on the role of executive chair. The exercise equipment giant is also laying off 2,800 employees amidst slow sales. The good news is that their severance packages will include a one-year membership to Peloton’s services.
A character from Showtime’s “Billions” series suffered a Peloton-induced heart attack during Sunday night’s episode. Peloton’s stock dropped shortly after that. The scare on the show comes just weeks after “Sex and the City’s” Mr. Big character died while riding a Peloton in the series sequel “And Just Like That.”
Peloton has reportedly halted the production of its bikes and treadmills due to poor demand for its connected home fitness machines. The premium brand ran hot and heavy during the coronavirus lockdown but has admitted a “significant reduction” in demand due to factors including competition and inflation.
Exercise equipment maker Peloton reportedly plans to increase the price of its original Bike and Tread products, citing rising inflation and heightened supply chain costs. One executive explained: “Right now, people are raising prices. Ikea just raised prices. We want to go in the middle of the pack.”
A Peloton advertisement featuring Sex and the City star Chris Noth was scrubbed from the company’s social media accounts on Thursday after it was revealed the actor has been accused of sexual assault by two women.
Fitness equipment giant Peloton is being accused of banning any mention of the anti-Joe Biden hashtag #LetsGoBrandon from its fitness platform. The woke company is fine with leftist hashtags like #BlackLivesMatter and #DefundThePolice.
Hackers with physical access to the popular Peloton Bike+ and Peloton Tread exercise equipment could reportedly gain root entry to the device’s tablet, allowing them to perform a number of remote attacks including taking over the exercise equipment’s web camera.
Wealthy American corporations are using their money to signal they support the protests taking place across the country in the wake of a black man’s death at the hands of police in Minneapolis on Memorial Day.
Investors fear that people will avoid movie theaters, concert venues, and gyms if the coronavirus hits the U.S. hard.
Actor Ryan Reynolds recruited actress Monica Ruiz who appeared in the maligned, mocked, and memed Peloton exercise bike ad for a hilarious commercial for his Aviation Gin brand.
WeWork is the latest casualty of the IPO bloodbath.
