Category: Peloton Interactive Inc

Peloton’s Latest Leader Thinks He Can Coach It Back to Health

The New York Times – Business:
The fitness company has fallen to a small fraction of its value at its pandemic peak, but Peter Stern says Peloton is headed in the right direction.
Kendall Toole, a Popular Peloton Instructor, Announces Her Departure

Ms. Toole shared the news in an Instagram reel on Thursday morning, adding that she was grateful for her time at Peloton, the connected-fitness company.
Peloton CEO Barry McCarthy Steps Down as Company Cuts 15% of Workers

Barry McCarthy took over as C.E.O. in February 2022 to revive Peloton from its late-pandemic slump, but the company has struggled to become profitable.
Maker of Instant Pot and Pyrex, Instant Brands, Files for Bankruptcy

Since sales surged during the pandemic, Instant Brands has struggled to find new fans for its beloved Instant Pot and other products.
Peloton Shares Slide After It Recalls Two Million Exercise Bikes

The company is offering to replace seat posts on the bikes after receiving 35 reports of the equipment breaking.

Peloton’s Latest Leader Thinks He Can Coach It Back to Health