Peloton’s bike rental program (formerly called the One Peloton Club) has officially expanded to be available nationwide in the US.
Company News
John Foley leaving Peloton board + other management changes announced
Peloton’s executive leadership team is undergoing an expansive transformation, including the departure of two of the company’s co-founders, including John Foley.
Peloton expecting monetary penalty from CPSC; DOJ, DHS, and SEC investigations still ongoing as revealed in 2022 10-K filing
Peloton’s 10-K tax form indicates Peloton is expecting a monetary penalty from the CPSC over the Tread+ recall, and that there are still DOJ, DHS, and SEC investigations still ongoing.
Peloton Legal Updates: Tax case moved to arbitration & Peloton will be delayed in filing annual 10-K form
Peloton’s tax case was moved to arbitration and Peloton will be delayed in filing their annual 10-K tax form.
Peloton financing options updated: 0% financing only available for 12 months; 14.99% for longer options on both Affirm & Klarna
Peloton has updated their financing program so that only the 12 month financing option carries a 0% annual percentage rate (APR). This applies to both Affirm & Klarna.
Peloton reports Q4 2022 earnings
Peloton reporting big losses in Q4 Earnings Call, but CEO Barry McCarthy remains hopeful that this is the point where things will begin to turn around.
Peloton Bike, Guide, Apparel & Accessories to be sold on Amazon
Peloton will sell select products on Amazon, including the original Bike and the Guide.
Peloton CEO: Hopeful about Rower by holidays, Still wants to re-release Tread+, looking at self-Assembly for Bikes
Bloomberg has published a new interview with Peloton CEO Barry McCarthy in which he touches on the rower, Tread+, Bike self-assembly, and “freemium” digital content.
Update on Class Action Lawsuit over Peloton class purges
A judge has ruled that Peloton must face trial regarding a 2019 class action lawsuit over Peloton class library purges.
Report: Peloton will let current members buy the Tread & Bike+ for old prices until August 15th (YMMV)
It is being reported that Peloton may be honoring previous prices of Bike+ and Tread for current members that purchase their equipment between now and August 15th.
Report: Peloton plans to start closing a large number of showrooms & retail stores in US & Canada
Peloton told staff they will reduce retail presence across North America, shutting an undisclosed number of Peloton showrooms over the next few months.
Peloton CEO Barry McCarthy’s memo to employees about Peloton price changes, layoffs, third party delivery & more
Peloton CEO Barry McCarthy emailed Peloton employees today to discuss the pricing changes, layoffs, and shift to third party delivery moving forward. You can read his memo here.