Peloton shares drop 22% after posting wider-than-expected loss, falling sales due to Bike recall, seasonality

[ad_1] Peloton reported its results Wednesday for a quarter its CEO warned would be among its most challenging. The connected fitness company posted a wider-than-expected loss but beat sales expectations.…

Peloton shares drop 25% after posting wider than expected loss, falling sales

[ad_1] The exterior of a Peloton store is seen on February 05, 2022 in Dusseldorf, Germany.  Jeremy Moeller | Getty Images Peloton on Wednesday reported a wider than expected loss…

Peloton shares plunge after company reports wider-than-expected loss

[ad_1] A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Peloton‘s shares plummeted Thursday after the company reported a…

CEO of fitness band maker Whoop mocks the demise of Amazon’s Halo health device

[ad_1] The CEO of Whoop, a fitness band favored by athletes, is claiming victory over Amazon after the e-retailer pulled the plug on its line of Halo devices. Amazon said…

Peloton reports wider-than-expected loss, but points to progress in its turnaround

[ad_1] A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Peloton on Thursday reported a wider-than-expected loss in the…

The pandemic drove Clubhouse to a $4 billion valuation that never looked sustainable

[ad_1] Social audio platform Clubhouse announced Thursday that it was laying off half its staff in order to “reset” the company. It shouldn’t come as a surprise. If there was…

Peloton hires former Twitter executive Dalana Brand to be chief people officer

[ad_1] Dalana Brand, new Peloton Chief People Officer. Courtesy: Peloton Peloton said Wednesday it hired former Twitter executive Dalana Brand to be its new chief people officer, as the fitness…

Inside Peloton’s rapid rise and bitter fall — and its attempt at a comeback

[ad_1] On the night of Sept. 26, 2019, hours after Peloton shares went public, employees dined on seafood and sipped champagne in the glittering halls of Hudson Yards as they…

Peloton CEO doesn’t care that its equipment is losing money, sees path forward in the app

[ad_1] Barry McCarthy speaks during an interview with CNBC on floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Peloton CEO Barry McCarthy told…

Peloton shares jump after fitness company posts subscription revenue growth

[ad_1] Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton said Wednesday its net loss narrowed…