Last week Peloton’s leaderboard patent was upheld by the PTAB and Peloton filed a new complaint against iFit for infringement on intellectual property.
Company News
Report: Peloton All Access Monthly Membership Price of $39 Unlikely to Change
Yahoo! Finance is reporting based on a new interview with Peloton CEO Barry McCarthy that the All Access membership monthly price of $39 is unlikely to change.
Report: Peloton Painted Over Rust on New Bikes and Shipped Them to Customers Under “Project Tinman”
The Financial Times is reporting that Peloton undertook a “Project Tinman” last fall, which involved covering up rust on new bikes before delivering them to customers.
Peloton promises partial refunds or free month of membership for people affected by delivery & repair delays
Peloton has more than 10,000 customers facing delivery delays, and today announced they would be offering partial refunds or free months of membership to those impacted by the delays.
NYT Interview with new Peloton CEO: Opening up Peloton platform, changing pricing model, and more
The New York Times has shared an interview with Peloton’s new CEO, Barry McCarthy. In the interview, he discusses some ways they might look at changing the pricing structure, that he might consider opening up the Peloton platform to other apps & developers and more.
Crowdsourced Efforts to Help 2,800 Laid Off Peloton Employees
Numerous crowdsourced lists and databases (plus an official one from Peloton) are popping up in an effort to help the 2,800 Peloton employees find jobs who were affected in this week’s layoffs.
Read Barry McCarthy’s (New Peloton CEO) Email to Peloton Employees
This week, it was announced Barry McCarthy would be replacing John Foley as CEO. One of Barry’s first actions was emailing the company, introducing himself, laying out his philosophy for managing the company.
Peloton to rely more on third-party delivery partners like XPO
Peloton shared this morning they would start relying more on third party delivery partners like XPO, and scale down some of their own delivery teams.
Peloton CEO John Foley Stepping Down; 2,800 employees being laid off; Peloton Output Park being closed.
Peloton announced a number of big changes this morning. A new CEO, 20% of the company being laid off, the Peloton Output Park being closed, and more.
Rumor: Nike also considering an acquisition of Peloton
The Financial Times is reporting a rumor that Nike is also considering making an offer to acquire Peloton. This follows the news that Amazon is considering an acquisition.
Report: Amazon considering acquiring Peloton
The Wall Street Journal is reporting that Amazon (and other companies) are considering making an offer to acquire Peloton.
iFit Files Complaint with U.S. International Trade Commission Seeking to Block Import of Peloton’s Bike+
iFit, the maker of NordicTrack, has filed a complaint with the U.S. International Trade Commission, asking them to block the import of Peloton’s Bike+ devices.