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PELOTON BIKE RECALL
Peloton cuts 11% of jobs, with engineering teams getting hitPeloton Interactive, the long-struggling fitness technology company, slashed 11% of its workforce in a cost-cutting move. The cutback mostl...- Peloton recalls nearly 878,000 bikes over seat issue — full story in simple pointsPeloton has announced a big bike recall in the U.S. and Canada after a safety problem was found in some Bike+ models. The company says ride...
- Peloton cutting about 400 jobs worldwide; CEO McCarthy stepping downPeloton undergoes restructuring, cutting 400 jobs globally. CEO Barry McCarthy resigns. Shares rise by 11%. Sales surged during lockdowns b...
- Peloton is recalling more than two million exercise bikes. Here's whyThe recall includes approximately 2.2 million of the Peloton Bikes Model PL01. The bikes were sold from January 2018 through May 2023 for a...
- Rishi Sunak’s prize for predicting the chaos unleashed by Liz Truss: He gets to clean up the messRishi Sunak been at the forefront of much of the recent turmoil, starting with his resignation as Chancellor of the Exchequer in July. That...
- Some big investors loaded up on Peloton as stock tumbledTiger Global Management, already a Peloton investor, bought another 3 million shares, increasing its investment by 41% and Baillie Gifford,...
- Peloton loses $2.5 billion in market value after report on production pauseShares in the exercise bike maker, once a pandemic darling, closed down 24% at about $24, wiping off nearly $2.5 billion in market value.
- S&P 500, Dow close higher on vaccine update, retail sales beatThe Dow also joined the S&P in positive territory, both indexes snapping a three-day losing streak driven by halted vaccine trials and cont...
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