Peloton fined $28m for death of child, injuries
The pandemic zeitgeist in-home exercise company agreed to pay the fine after the death of a six-year-old and at least a dozen other injuries.
Source: smh.com.au
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Peloton's Bike and Guide are available on Amazon for the first time
Peloton is partnering with Amazon to sell its original Bike, its Guide strength training system, and apparel. Buyers will be able to choose whether they want to self-assemble the products or have an expert put things together. Both options are free.
Source: theverge.com
Peloton CEO wants to redesign bikes so you can assemble them at home
In an interview with Bloomberg, Peloton CEO Barry McCarthy noted the company is redesigning its bikes so they can be self-assembled. The rower may also make an appearance this holiday season.
Source: theverge.com
Peloton gears up to hike prices, lay off employees, and shutter stores
Peloton’s financial woes continue as the company will purportedly cut nearly 800 jobs in a third round of layoffs. The Bike Plus and Tread will also see price hikes as Peloton also shutters several retail locations.
Source: theverge.com
Peloton's restructuring plan is off to a slow start
New Peloton CEO Barry McCarthy has started shaking up Peloton’s business strategy since taking the helm in February, but the company posted large losses in Q3 as it shifts toward a software-first business model that’s less dependent on hardware.
Source: theverge.com