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The new One Peloton Club bundled subscription lowers the barrier to entry which could attract new members.
After a $439M loss, Peloton’s CEO resigns and the company plans to lay off 2.8K employees and cut $800M in annual costs.
Just two weeks after a reporting a $(375)M loss for Q1 FY22, Peloton announced it hopes to raise $1B in a public offering of
Peloton stock took a major hit last week after the company reports its first quarter financials for fiscal year 2022.
Peloton concluded its fiscal year 2021 with slowing revenue growth and a net loss of $(313.2) million or $(1.05) per diluted share.
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Peloton says recalls will cost them $165M, Hearst offers buyouts to 600, FuboTV adds 43K subscribers.
After 70 injuries to children and pets and one child death, Peloton voluntarily recalled its Tread+ and Tread treadmills after initially fighting the CPSC
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