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The Latest Breaking News from Peloton

Peloton Lower; the Chart Hints at How Far It Could Fall

Peloton stock is off after the connected-fitness company's earnings report. Here the level it needs to hold as support.

The Street

Peloton Stock Slumps On Wider Q4 Loss, McCarthy Bets On Turnaround

"Q4 will be the high water mark for write-offs and restructuring charges related to inventory and supply chain issues and the beginning of the comeback story for Peloton." said CEO Barry McCarthy.

The Street

Dow Jones Falls After Key Economic Data; Peloton Dives 18% On Earnings

The Dow Jones Industrial Average fell Thursday after key economic data. Peloton dived 18% on earnings, while Tesla stock rallied post-split.

Investors Business Daily

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Zoom boom meets doom

The saga of the stay-at-home stocks is a useful reminder that hot new technology stocks can fall out of favor fast.

Axios

Peloton to sell its bikes on Amazon in bid to reverse slump

Peloton’s high-end exercise bikes and other gear will now be able to be bought on Amazon in the U.S. It's a partnership aimed at boosting the fitness company’s sales that have languished since the easing of pandemic lockdowns

The Independent UK

Peloton Stock Surges On Deal to Sell Bike, Accessories Through Amazon

"Expanding our distribution channels through Amazon is a natural extension of our business and an organic way to increase access to our brand," said Peloton CCO Kevin Cornils.

The Street

Peloton strikes deal to sell bikes on Amazon

Exercise bike maker Peloton has reached an agreement with Amazon to begin selling equipment on its platform in a bid to turn around its fortunes with customers and investors.

Evening Standard

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Why Wayfair, Stitch Fix, and Peloton Stocks Are Falling

Just because a brand is innovative or tells you it's solving a problem doesn't mean it actually is (or that it's investable).

The Street

Spend $3,000 For Privilege To Build Your Own Peloton: Latest Efforts To Reinvigorate The Fitness Brand

Interactive fitness company Peloton Interactive (NASDAQ: PTON) has been undergoing a transformation in 2022 that includes a new CEO, cost cuts and employee layoffs. A new plan might include seeing customers assemble products themselves.

Benzinga

The rise of the one-day workweek for office commuters

Despite calls from bosses at Peloton and other companies for employees to get back to their desks, the number of people commuting into the office once a week has soared, according to data from Basking.io, a workplace-occupancy analytics company.

Tribune News Service

Peloton cuts jobs, raises prices in bid for profitability

Peloton is laying off almost 800 employees and raising prices for some of its equipment as part of its latest bid to make the business profitable and free up cash

The Independent UK

Peloton's stock spikes on reports of new layoffs

Investors cheered new efforts in Peloton's turnaround strategy.

Axios

10 things you may not know about Rishi Sunak

Ex-chancellor may want to be PM, but once had a different career path in mind, as our obscure facts reveal

The Guardian - UK

ESPN’s College GameDay Announces Hire of Peloton’s Jess Sims

She has accumulated over seven million subscribers on the fitness app since she began leading sessions in 2018.

Sports Illustrated

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The Independent UK

SoulCycle sparks debate after bribing Peloton riders to turn in their bikes in exchange for free classes

Indoor cycling franchise is urging customers to ditch Peloton bikes in exchange for free SoulCycle classes

Benzinga

The Metaverse Is Not the Future. It's Already Here.

By Eran Elhanani One day you won't be able to imagine a world without the metaverse, and that day is today.

Los Angeles Times

Christopher Meloni strips down for Peloton, letting his law and orders go free

"Law & Order: SVU" star Christopher Meloni is serving more than justice in a new Peloton commercial.

The Independent UK

Christopher Meloni earns praise for naked Peloton ad: ‘Giving the people what they want’

‘I never thought I would be excited to see a Peloton ad’ said one fan

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Pedestrian.tv

Hold Onto Your Daddy Issues ‘Cos Law Order Hunk Chris Meloni Has Dropped A Nude Peloton Ad

Sweet bountiful Melonis.

Bangkok Post

Peloton Backpedals in Right Direction

Peloton Interactive Inc built its business to delight its custo-mers. Now it must do the same for its shareholders.

StockNews.com

Why Investors Should Think Twice Before Buying Peloton Stock

After a stellar run during the height of the COVID-19 pandemic, shares of interactive fitness platform Peloton Interactive (PTON) have lost significantly and are currently trading 93% below its 52-week high due to weakened demand. With recession fears looming, the company may witness further sales decline. Investors should avoid the…

The Street

Peloton to stop in-house bike manufacturing, stock jumps

CEO Barry McCarthy said the move to exit in-house manufacturing will simplify its supply chain while allowing Peloton to focus on content and technology.

Benzinga

Peloton Stock Is Surging: What's Going On?

Peloton Interactive Inc (NASDAQ: PTON) shares are trading higher Tuesday amid strength in growth stocks. The growth stock rally seems to be fueled by a drop in yields.

Benzinga

Peloton Stock Dipped Today: Here's What We Know

Peloton Interactive Inc (NASDAQ: PTON) shares are trading lower Wednesday. What's going on?

WEKU

Job cuts are rolling in. Here's who is feeling the most pain so far

Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.

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