Company News Archives - Page 52 of 55

Peloton to invest $100 million to fight racial injustice and inequity

Peloton will invest $100 million over the next four years to fight racial injustice and inequity in our world and to promote health and wellbeing for all.

BuzzFeed News highlights initial issues with Peloton’s COVID-19 Response

BuzzFeed News has an article highlighting concerns some members of Peloton’s delivery teams had during the early days of the COVID-19 pandemic.

Peloton donates to NAACP in support of Black Lives Matter

CEO John Foley announced Sunday that Peloton would be donating $500,000 to the NAACP Legal Defense and Educational Fund and taking other steps to support Black Lives Matter.

Peloton resumes production of live classes beginning May 26th

Peloton announced that they would resume production of live classes beginning May 26th, though studios in London and New York would remain closed to the public.

Peloton files lawsuit against NordicTrack for Patent Infringement

Peloton filed a patent infringement lawsuit against NordickTrack’s parent company, Icon Health & Fitness, claiming that the iFit Leaderboard released in September is too similar to Peloton’s leaderboard.

Peloton hits 1 million paying subscribers, stocks close at record high.

Peloton hit a milestone today announcing that the company has hit 1 million active subscribers and exceeding inital growth estimates for the fiscal year.

Peloton Q3 2020 Earnings Call Summary & Insights

Summary of some of the interesting facts and news that came from the Peloton Q3 2020 earnings call and investor shareholder letter.

Peloton pledges $1 million for free membership and extra bikes for hospitals & healthcare workers

In response to the COVID-19 crisis, Peloton is pledging to help keep their coaches, members, and health care workers across the country healthy and active.

Peloton likely to temporarily suspend all live classes from NYC

Peloton will temporarily suspend all live classes from the New York City Peloton studio due to an executive order for the state of New York mandating non-essential workers stay home.

Peloton cancels more live classes, delays official Hudson Yard studio opening ride

Peloton has made further changes to the live class schedule, and postponed the official opening of the Hudson Yards Peloton Studios New York “Lights Up” ride.