Peloton has provided an update on the Peloton Pledge, and has announced 7 “social impact partners” – non-profits who will receive a portion of the $20 million Peloton will be investing over the next 4 years.
Company News
Peloton Spanish Language Classes are now available (for Yoga currently)
There are now officially Peloton Spanish language classes available for Peloton members. Starting out they will be Yoga classes taught by Mariana Fernandez.
Tread+ Update from Peloton CEO John Foley: No plans for Peloton Tread+ recall, Backup Access Code being added
Following the safety warning about the Peloton Tread+ issued by the CPSC yesterday, Peloton CEO John Foley has emailed owners of the Peloton Tread+ addressing the safety of the devices.
CPSC US Consumer Product Safety Commission Issues Warning: “Stop Using the Peloton Tread+”
The Consumer Product Safety Commission (CPSC) has issued a public notice over the Peloton Tread+, warning customers over the dangers & safety risks to small children.
Dish Network & Sling TV sues Peloton, Nordictrack, and Mirror over streaming patents
Dish Network (& Sling TV) are suing Peloton, Mirror, and NordicTrack over patents related to streaming video & dynamic quality adjustments based on bandwidth.
Peloton ranked best company to work for in New York City by Comparably + 6 other awards
This week Peloton was awarded the honor of “Best Place to Work” in the greater New York City area by the website Comparably, based on anonymous responses by employees.
Icon Health & Fitness / NordicTrack files another patent lawsuit against Peloton over Auto Follow & Weights
Icon Health & Fitness (makers of NordicTrack) have filed a new patent infringement suit against Peloton. The claim is that Peloton’s Bike+ Auto-Follow feature, in combination with the weight rack & arms sections during some workouts, infringes on a new patent that Icon was officially awarded in December.
Peloton finalizes Precor Acquisition
Peloton announced today they have finalized their acquisition of Precor for $420 million. They plan to start US manufacturing of some Peloton products by the end of 2021.
Peloton wins legal battle with Eric Villency, designer of original Peloton Bike
Peloton has put a long-running legal battle with Eric Villency, designer of the original Peloton Bike, behind them. Peloton previously was awarded a summary judgement of non-infringement, and this week, was awarded $5.5 million in attorneys fees.
Peloton acquisition of Precor moving forward – purchase officially closing soon?
A Precor support page has been updated to say they will be updating their systems to support Peloton’s purchase of them, indicating the deal is closing soon.
Rumor: Peloton acquired Atlas Wearables [Update: Now Confirmed]
A new rumor indicates Peloton acquired Atlas Wearables in Nov 2020, who were creating a smart watch with “Exercise ID” that could automatically detect exercises and count reps for you.
Peloton x adidas collaboration officially announced – apparel goes on sale March 25th
This morning Peloton & adidas officially announced their collaboration. It begins with an apparel collection that goes on-sale March 25th, but that is only the start of their partnership.