The Peloton Heart Rate Band is now available for sale on Peloton’s website. The product was originally announced in 2021.
Company News
Peloton Receives Top Score on Human Rights Campaign Corporate Equality Index
Peloton has received a perfect score of 100 from the Human Rights Campaign in their annual Corporate Equality Index (CEI) and has been recognized as one of the best places to work for LGBTQ+ equality.
Two Peloton patents deemed “unpatentable” after USPTO review
Two Peloton patents have been voided this week after a USPTO review found the claims to be “unpatentable”. This review came up following a countersuit from Echelon.
Peloton Investor Blackwells Capital Writes Open Letter Calling for Firing of CEO John Foley & Exploration of Acquisition
A minority investor in Peloton has published an open letter calling for Peloton to explore a sale and fire CEO John Foley.
Peloton CEO John Foley writes open letter to Peloton Team + releases initial Q2 2022 earnings results
Peloton CEO John Foley wrote an open letter to the Peloton team tonight, addressing recent news reports and rumors. Peloton also published early estimates of their Q2 2022 earnings data.
Report: Peloton Delays Opening of new US Factory (Peloton Output Park) until 2024
The New York Post is reporting that Peloton will delay the opening of the Peloton Output Park to 2024, a year after it was originally scheduled to be complete.
Report: Peloton Pausing Production of Bike & Tread Devices
CNBC is reporting that Peloton has decided to halt production of the Bike, Bike+, and Tread as part of their ongoing effort to get their costs under control.
Peloton Q2 2022 Earnings Call Date Announced
Peloton has announced their Q2 2022 earnings call will take place on Tuesday, February 8th, 2022 @ 5:00pm ET.
Report: Peloton might close some stores & cut jobs; has hired McKinsey to consult
CNBC & others are reporting that Peloton has hired McKinsey consulting group, and that discussions are underway about job cuts and some showrooms closing.
Peloton raising prices on Peloton Bike & Tread in 2022: Shipping/Delivery & Setup no longer free at end of the month
The price for Peloton products appear set to go up on January 31, 2022. Messages on the website indicate the Peloton Tread &Peloton Bike will all increase in price at the end of the month in all countries.
Peloton being removed from the NASDAQ 100 Index
Peloton is being removed from the NASDAQ 100 Index, which is a stock market index that includes the 100 largest non-financial companies listed on the Nasdaq stock market.
Report: Peloton drastically cut retail showroom employee pay
Early last month, Peloton drastically cut the pay of their retail showroom employees through a change in their commission structure – resulting in pay cuts of anywhere from 30-60% or more.