(Bloomberg) — Peloton Interactive Inc., the fitness company known for its pricey stationary bikes and treadmills, kicked off the sale of a $1 billion loan offering as it works to refinance existing debt and recover from a recent slump in sales, according to a person familiar with the matter. Most Read from Bloomberg Early pricing […]
(Reuters) -A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of losses, CNBC reported on Tuesday. Shares of the fitness equipment maker rose 20.6% in premarket trading. The New York-based company has had […]
(Bloomberg) — Peloton Interactive Inc. shares fell to a record low after Chief Executive Officer Barry McCarthy announced plans to step down and the struggling fitness company embarked on a major restructuring that will reduce its global workforce by 15%. Most Read from Bloomberg The board will conduct a search to name a replacement, Peloton […]
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Thanks to its lineup of incredibly popular hardware products, and its budding services and software offerings, Apple (NASDAQ: AAPL) has become one of the most valuable businesses on the face of the planet. Its expertise and dominant success in the consumer-focused tech world could be beneficial when it comes to potential acquisitions. Consider Peloton Interactive […]
(Bloomberg) — Peloton Interactive Inc. expects to record another sales decline in the current quarter, defying Wall Street predictions for a return to growth, after some of its comeback efforts failed to pan out. Most Read from Bloomberg The fitness technology company projected revenue of $700 million to $725 million during its fiscal third quarter, […]
By now, everyone’s heard of Peloton, and if you’re thinking, “Isn’t that the absurdly expensive stationary bike?” you’re … sort of right. As someone who’s been riding with them in-studio since 2015 and on my own bike at home since 2020, I think these bikes are worth their high price tags, and then some. That […]
By now, everyone’s heard of Peloton, and if you’re thinking, “Isn’t that the absurdly expensive stationary bike?” you’re … sort of right. As someone who’s been riding with them in-studio since 2015 and on my own bike at home since 2020, I think these bikes are worth their high price tags, and then some. That […]
‘We’re going to throw them in the garbage’: UFC CEO Dana White ordered all Peloton bikes be removed from his gyms after hearing a story from comedian Theo Von — here’s why Known for its high-tech and innovative exercise bikes and treadmills, there’s no doubt Peloton Interactive (PTON) revolutionized the at-home fitness industry. You could […]