Peloton
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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 common
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 on
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Peloton announced its plan to buy Precor, a larger global fitness equipment manufacturer, in a deal valued at $420 million.
In its fourth quarter fiscal year 2020 financials, Peloton reported triple digit increases in fitness subscriptions, workouts and revenue.
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