• Business
  • July 3, 2024
  • 9 minutes Read
Peloton avoids liquidity shortage in global refinancing

A Peloton bike in a showroom in New York, U.S., on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is expected to report earnings on Nov. 2. Michael Nagle | Bloomberg…

  • Business
  • May 20, 2024
  • 2 minutes Read
Peloton shares plummet after refinancing

A pedestrian walks past a Peloton store on May 8, 2024 in Palo Alto, California. Justin Sullivan | Getty Images Platoon Shares tumbled on Monday after the fitness affiliate company…

  • Business
  • May 9, 2024
  • 4 minutes Read
Hydrow acquires Speede Fitness and grows while Peloton shrinks

Affiliate fitness company Hydrow, that Platoon once tried to buy is growing sales and has acquired a majority stake in strength training company Speede Fitness as gym-goers forego cardio exercises…

  • Business
  • May 7, 2024
  • 4 minutes Read
Private equity firms are surrounding Peloton for a possible buyout

A number of private equity companies are considering an acquisition Platoon As the affiliated fitness company looks to refinance its debt and return to growth after 13 consecutive quarters of…

  • World
  • May 2, 2024
  • 5 minutes Read
Peloton, once hailed as the future of fitness, is now sucking wind. This is why.

Connected fitness company Peloton, known for its tech-based exercise bikes and treadmills, has met yet another new CEO. On Thursday, the beleaguered company announced that Peloton CEO Barry McCarthy will…

Peloton CEO resigns amid more layoffs: NPR

Peloton hit a snag after the pandemic and struggled to figure out how to grow beyond luxury fitness equipment sales. Ezra Shaw/Getty Images hide caption change caption Ezra Shaw/Getty Images…

  • Finance
  • May 2, 2024
  • 4 minutes Read
Peloton drops to record low after announcement of CEO exit and layoffs

(Bloomberg) — Shares of Peloton Interactive Inc. fell to a record low after Chief Executive Officer Barry McCarthy announced plans to resign and the struggling fitness company implemented a major…

  • World
  • May 2, 2024
  • 7 minutes Read
Peloton CEO Barry McCarthy is stepping down and 15% of the workforce is being laid off

Platoon announced Thursday that CEO Barry McCarthy will resign and the company will lay off 15% of its workforce because it “simply had no other way to align its expenses…

Peloton announces 400 layoffs, 15% of its workforce, as CEO Barry McCarthy leaves

Platoonthe fitness equipment maker and creator of online fitness classes, has has announced it is closing 15 percent of the workforce – 400 people – as CEO, president and board…

  • Business
  • April 15, 2024
  • 3 minutes Read
Peloton removes free app membership

A stationary bicycle at a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022. Carlo Allegri | Reuters Platoon has quietly removed unlimited…