Peloton has shared they are ‘pausing’ use of Sean ‘Diddy’ Combs’ music & songs in new Peloton classes, and removing a few old Bad Boy Entertainment artist series classes.
Company News
Peloton Sued by Mississippi Woman After Injury From Peloton Bike Seat Slipping & Falling
Peloton is facing a new lawsuit in Mississippi from a woman who got injuries after her original Peloton bike seat post slipped while she was riding it.
Peloton working with JP Morgan Chase to raise $850 million to refinance previous loans
A new report indicates that Peloton is working with JP Morgan Chase & Co to raise $850 million, which will be used to refinance existing debt.
Peloton Working on a Refinancing Strategy for Their Upcoming Debt Deadlines
Peloton addressed strategies related to their upcoming debt deadlines in their latest earnings letter and investor call.
Peloton Files Complaint Against Shipping Partner Flexport Citing “Millions of Dollars” of Unfair Charges
Peloton has filed a complaint against shipping partner Flexport International LLC, citing unfair detention & demurrage charges between 2020-2023.
Report: Peloton tried to acquire Hydrow before coming out with their own rower
CNBC reports that Peloton tried to acquire Hydrow a number of years ago, by Hydrow declined.
Peloton Has a New Head of Investor Relations: James Marsh
Peloton has hired James Marsh as the new SVP & Head of Investor Relations.
Peloton Says They Will Continue to Invest in R&D, Hardware & Customer Support Even After Most Recent Layoffs & Restructuring
In the midst of continuous restructuring, Peloton has made sure to highlight that they still plan to invest in hardware and customer support.
Reports: Multiple private equity firms are considering a buyout of Peloton
CNBC is reporting that there are one or more private equity firms considering an acquisition of Peloton and taking the company private.
Peloton Outgoing CEO Barry McCarthy Severance Package & Interim CEOs Salaries Revealed
A SEC filing reveals outgoing CEO Barry McCarthy’s severance package and the interim Peloton CEO salaries.
Peloton shares FY 2024 Q3 earnings (free cash flow positive) following layoff & CEO departure announcements
Peloton released their third quarter fiscal year 2024 earnings today, which included Peloton becoming free cash flow positive for the quarter. This news follows the departure of Peloton’s CEO and another round of layoffs.
Peloton laying off 400 employees and Barry McCarthy stepping down as CEO
Peloton announced today they would be laying off around 400 employees, and that Barry McCarthy would be leaving as CEO.