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PELOTON NEWS
Whoop raises $575 million at a $10 billion valuation on its way to an IPOWhoop, the maker of popular screenless fitness bands, is now valued at $10.1 billion after raising an additional $575 million, a new milest...- 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...
- Tech companies keep slashing jobs in uncertain 2023 economyIn November, the most recent month for which data is available, the sector announced 52,771 cuts, for a total of 80,978 over the course of ...
- Amazon's Black Friday sale of 2022 is here, huge discounts on high-end brandsOne of the most popular Black Friday bargains is now live on Amazon. Bargains are included on high-end brands like Peloton and Savage X Fen...
- Are we headed for dotcom bust 2.0?While there’s little doubt the tech world has been in a pandemic-induced, stimulus-funded, number-go-up utopia for the best part of three y...
- This CEO wants people to be happy that he laid off 500 employeesUS exercise and fitness equipment company Peloton CEO Barry McCarthy has announced to cut 12 per cent of the workforce (nearly 500 employee...
- Peloton to cut about 12% of workforce in a move to 'save' companyThe company's latest move to lay off 500 global jobs also marks its final step of restructuring, which began under the watch of Barry McCar...
- We are seeing a great reset; IPO activity down to two-decade low: Flipkart CEOFrom plummeting revenue multiples on the NASDAQ to a fall in IPOs, no category has been spared, he said.
- Peloton net loss widens amid turnaround effortsPeloton's shares tumbled more than 14% to $11.59 in premarket trading.
- Peloton to sell its bikes on Amazon in bid to reverse slumpThe news of the Amazon deal sent shares of New York-based Peloton Interactive Inc. soaring 20% Wednesday. They are still down about 88% in ...
- Peloton cuts jobs, raises prices in bid for profitabilityPeloton said it also plans to "significantly" reduce its North American store base, which now numbers 86. But it didn't say how many locati...
- Amazon is exploring offer for Peloton, source says; report says Nike also weighing bidMeanwhile, the Financial Times reported late on Friday that sportswear company Nike Inc is also evaluating a bid for Peloton.
- Wall Street books records, weekly gains on strong jobs report, Pfizer COVID-19 pill cheerWall Street's main indexes scored record closing highs on Friday and booked solid gains for the week following a strong U.S. jobs report an...
- View: Who are the winners of remote work?Some employees and freelancers who can work remotely will have vastly expanded opportunities and the possibility of significant increases i...
- Video games are the next big thing for tech companies. It's high time it gets a new termThe global sales related to games are higher than the combined revenues from movies & music.
- S&P 500 ends lower as new COVID storm clouds overshadow stimulus passage"Today the market is catching its breath," said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina. "It's...
- Lockdown winners fade as reopen trade roars after Covid dataZoom Video Communications Inc. plunged 16% in early trading, while Peloton Interactive Inc. slumped 13% and Netflix Inc. was down 5% as inv...
- Private, online and hi-tech: The coronavirus economyAs hundreds of millions of people worldwide are forced to stay in their homes and not travel abroad, the businesses that are helping them t...
- Why India needs to build a venture capital stock exchangeThe ones that achieved the IPO and were still basking in the glory of being celebrated Unicorns, got a rude shock from a brutal public mark...
- Tech lifestyles enable 'safe escape' from coronavirusThe latest tech-inspired lifestyle solutions are gaining traction as more people are advised to work from home, and many conferences and ga...
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