Page 155 - Spotify Technology News Today

From Bloomberg and Crain's staff: The exercise bike maker said it's 'winding down the development of its Peloton Output Park (POP) manufacturing plan,' a 1 million-square-foot plant intended for Wood County. Peloton said ending the Toledo project 'will result in $60 million in restructuring capital expenses.' The company also is eliminating 2,800 jobs, and CEO John Foley will step down and become executive chairman.

Arch Capital Management, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here.

Singer-songwriter Neil Young has asked employees of Spotify Technology SA to quit their jobs while urging people to withdraw their money from big American banks, in protests over coronavirus misinformation and climate change.

Neil Young has asked employees of Spotify to quit their jobs while urging people to withdraw their money from big American banks.

Young, in a statement on his website, criticized the music streaming platform's chief executive officer, Daniel Ek, saying he was the main problem, in the wake of criticism of US podcaster Joe Rogan.

Peloton Interactive Inc. plans to replace its chief executive, cut costs and overhaul its board after a slowdown in demand caused the once-hot bike maker’s value to plummet.

The music streaming service could be a great value after the recent sell-off.

In a suit filed in the Los Angeles superior court on Monday, Village Roadshow also alleged that Warner Bros, owned by AT&T Inc unit WarnerMedia, had moved the release date of the film to 2021 from 2022 to help HBO Max attract more subscribers. TikTok fame wins Malawi singer, 92, birthday party with president Malawian musician Giddes Chalamanda had never dreamed in his 92 years that he might one day be famous enough to dine with the president followed by a night in a luxury hotel.

Merck Mercuriadis, whose fund owns 50% rights to Young's catalog, said interest in the artist's music has surged since he requested the streaming service remove his songs from Spotify.

By Svea Herbst-Bayliss BOSTON (Reuters) - The activist investment firm pushing for a sale of Peloton Interactive Inc on Tuesday said plans to replace ...