Peloton is undergoing a significant rebrand, dumping its identity as a seller of luxury exercise bikes and equipment to heath technology for all. “We’re shifting perceptions from in-home to everywhere, fitness enthusiasts to people at all levels, exclusivity to inclusivity across all Peloton members present and future,” Chief Marketing Officer Leslie Berland said in a […]
Peloton is recalling more than 2 million of its exercise bikes in the United States because the bike’s seat post assembly can break during use, posing fall and injury hazards. The recall includes approximately 2.2 million of the Peloton Bikes Model PL01. The bikes were sold in the United States from January 2018 through May […]
The exercise equipment company Peloton has agreed to pay a $19,065,000 civil penalty in a settlement for failing to report defective equipment and knowingly selling recalled treadmills. Beginning in December 2018 and continuing through 2019, Peloton began receiving reports of injuries related to its Tread+ treadmill product. The U.S. Consumer Product Safety Commission (CPSC) said […]
Peloton Interactive Inc. co-founders John Foley and Hisao Kushi are stepping down from their executive roles, at a time the troubled exercise bike maker is undergoing massive changes to trim losses and win back investor confidence. “It is time for me to start a new professional chapter,” said Foley, who was replaced earlier this year […]
Amazon is shutting down its telehealth service—rethinking its approach for expanding into health care. Peloton shares tumble after the fitness company reports a big quarterly loss. California’s checkbooks are finally made public. A decade of trying from a watchdog group shows us what the state is spending taxpayer money on. A new coffee collection is inspired by […]
The House is set to pass the Inflation Reduction Act, but experts are divided on whether it will actually help Americans. Fitness company Peloton is laying off hundreds of workers and raising prices on exercise equipment. Johnson & Johnson is dropping talc-based baby powder next year, a product that has been at the center of tens of […]
The House is set to pass the Inflation Reduction Act, but experts are divided on whether it will actually help Americans. Fitness company Peloton is laying off hundreds of workers and raising prices on exercise equipment. Johnson & Johnson is dropping talc-based baby powder next year, a product that has been at the center of tens of […]
The co-founder of Peloton is stepping down as chief executive after an extended streak of tumult at the interactive exercise bike and treadmill company, which will also cut almost 3,000 jobs. John Foley first pitched the idea for Peloton in 2011, hoping to disrupt the industry. He will give up the CEO position and become […]
Business growth in the United States is slowing down, thanks to the Omicron variant, and supply chain bottlenecks are not helping either. We talk to a manufacturer and see how they are managing. Peloton is suffering another PR crisis. What happened, and why is one investor calling on the company to fire its CEO? Amazon […]
Business growth in the United States is slowing down, thanks to the Omicron variant, and supply chain bottlenecks are not helping either. We talk to a manufacturer and see how they are managing. Peloton is suffering another PR crisis. What happened, and why is one investor calling on the company to fire its CEO? Amazon […]
Another TV show character experienced a heart attack on Peloton’s interactive bike—this time its Mike Wagner (David Costabile) on the season 6 premiere of Showtime’s “Billions.” Last month, Peloton saw an 11 percent stock drop immediately after an actor died after riding a Peloton on the show’s HBO Max streaming reboot. Peloton said in a […]
Peloton Interactive Inc said on Friday U.S. regulators were investigating the company, adding to the exercise bike maker’s woes as it deals with a backlash over reports of accidents involving its treadmills. The U.S. Department of Justice and the Department of Homeland Security have subpoenaed the company for documents and information over injuries from its […]
NEW YORK—Peloton Interactive Inc. subscribers have filed a proposed class action lawsuit accusing the maker of at-home stationary bicycles of improperly charging sales tax on memberships in New York, Virginia, and Massachusetts. In a complaint filed on Thursday night in federal court in Manhattan, Brandon Skillern and Ryan Corken said Peloton should have treated its […]
Peloton plans to spend about $400 million to build its first U.S. factory in Ohio. The exercise equipment maker said Monday that the Peloton Output Park will make the Peloton Bike, Bike+, and Peloton Tread starting in 2023. It will have more than 200 acres and more than 1 million square feet of manufacturing, office, […]
Gold at a 4-month high. Are investors more worried about inflation? And what powers does the Fed have to fight it? Blank check companies, also known as special purpose acquisition companies (SPACs), beat an all-time IPO record. Global SPAC proceeds this year are already over 20 percent higher than all of last year. So why are […]
The American jobs recovery is slowing, as the Labor Department reports only about 260,000 jobs were added in April. Peloton shares are up again. They tumbled after the company announced the recall of its treadmills over safety issues. Why is the company remaining strong? One of the world’s biggest investment banks is officially getting involved […]
NEW YORK—Peloton is recalling about 125,000 of its treadmills less than a month after denying they were dangerous and saying it would not pull them from the market, even though they were linked to the death of a child and injuries of 29 others. The company said Wednesday that it will now offer full refunds […]
