Peloton, the maker of home exercise equipment, said on Thursday that it was recalling more than two million exercise bikes, an announcement that sent its stock lower. The company’s shares tumbled nearly 9 percent by […]
Peloton, the exercise bike company that saw huge success in the early days of the pandemic only to flounder as sales slowed, reported a $1.2 billion quarterly loss on Thursday as it struggled to sell […]
Earlier this summer, I bought an online mattress — in a boring, conventional store. Let me explain why my personal transaction reveals the shrinking of a Silicon Valley dream. One of the Big Ideas of […]
Peloton said on Wednesday that it had reached a deal with Amazon to sell exercise equipment, accessories and apparel on the retailer’s U.S. website, as the maker of stationary bikes tries to reinvigorate sales. The […]
The maker of fitness bikes, once a pandemic darling, said it would reduce its retail footprint and end its last-mile delivery network in a cost-cutting strategy. Source
The chief executive stepped down as a glut of unsold machines, negative TV portrayals, activist investors and a recall plagued the fitness company. Source
“It’s like telling somebody you’re going to get a puppy and now you’re not,” Ms. Sinclair said. She gets frustrated now when she sees ads for Peloton and articles about the company’s founders and their […]
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