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The Latest Breaking News from Peloton

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

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 Independent UK

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.

The Street

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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…

Benzinga

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.

Axios

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 Street

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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 Guardian - UK

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.

The Street

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.

Benzinga

3 Gym Stocks That Can Surge 60% to 134%, According to Wall Street

The COVID-19 pandemic impacted the fitness industry adversely. But the industry is expected to rebound this year and beyond owing to the reopening of economies and consumers’ shift to digital fitness platforms. So, Wall Street analysts expect gym stocks Peloton (PTON), Life Time Group (LTH), and Nautilus (NLS) to deliver…

StockNews.com

You Ask, We Analyze: Why Going Short Peloton Stock Is Risky As Amazon M&A Rumors Surface

On Sunday evening, Benzinga asked its followers on Twitter what they’re buying at the open Monday. From the replies, Benzinga selected one ticker for technical analysis.

Benzinga

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Investors Business Daily

Dow Jones Rises; Peloton Spikes On Takeover Reports

The Dow Jones Industrial Average rose Monday after Friday's mixed stock market action. Peloton spiked on takeover reports.

The Street

Peloton Stock Surges Amid Reports of Takeover Interest From Amazon, Nike

Amazon and Nike are reportedly eyeing a potential takeover of connected fitness equipment maker Peloton, sending shares sharply higher in pre-market trading.

The Street

Peloton, Ford, Spotify, Week Ahead and Stock Markets - Five Things You Must Know

Stock futures edge lower as risk appetite wanes, rate bets accelerate; Wall Street Week Ahead: earnings and inflation in focus; Peloton shares surge amid reports of takeover interest from Amazon; Ford shares extend slump as factories go dark amid chip crunch and Spotify CEO apologizes for slurs used on Joe…

Bangkok Post

Amazon and Other Potential Suitors Explore Peloton Deal

Peloton Interactive Inc is drawing interest from potential suitors including Amazon.com Inc., according to people familiar with the matter, as the stationary-bike maker's stock slumps and an activist urges it to explore a sale.

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Input

Amazon wants to buy Peloton, antitrust concerns be damned

After losing a significant portion of its value in the last year, Peloton is ripe for the picking.

The Street

Peloton Prime?

Could this be the deal that salvages the embattled fitness bike maker?

The Guardian - UK

Peloton’s fortunes race downhill as fitness fans return to gyms

The exercise bike maker is worth less than a fifth of its $50bn valuation during global lockdown

The Guardian - US

Amazon reportedly circling exercise bike maker Peloton as company falters

Peloton has struggled in recent months with lockdown over, negative press and cheaper models coming to the market

The Street

Peloton Stock Surging After Report Of Potential Amazon Purchase

Peloton stock jumped by nearly 30% in after-hours trading on Friday.

Benzinga

Why Peloton Shares Are Soaring After Hours

Peloton Interactive Inc (NASDAQ: PTON) is soaring nearly 30% in Friday's after-hours session following a report from the Wall Street Journal t

Investors Business Daily

Dow Jones Futures Rise With Market Rally At Key Point; Peloton Soars On Buyout Buzz

The market rally rose solidly last week, but there are still caveats. Apple and Google are among 5 stocks showing strength.

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