Nasdaq downgrades Peloton

2022-01-17T16:56:00+00:00

The Nasdaq stock exchange said it will take Peloton Interactive out of its prime Nasdaq 100 Index on Jan. 24, when it will be replaced by a trucking company. The change follows a drop of 74 percent in the company’s stock market capitalization in the course of 2021. It closed at $31.33 on Friday, Jan. 14, close to a 52-week low of $30.35.

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Peloton appoints new Chief Product Officer as co-Founder Tom Cortese steps down

2023-09-27T13:14:00Z

Peloton has announced the appointment of Nick Caldwell as Chief Product Officer, effective Nov. 1, 2023. Caldwell succeeds Peloton Co-Founder, Tom Cortese, and will report to CEO Barry McCarthy, leading global product development. The connected fitness brand describes Caldwell as a Silicon Valley veteran with more than 20 years of ...
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Peloton’s ride to breakeven cash flow results in more layoffs

2022-10-07T06:57:00Z By Bob McGee

In an effort to continue to drive the business forward and achieve cash flow breakeven by the end of the current FY23, Peloton is laying off more employees. On Oct. 6, the connected fitness company announced another round of job cuts, the fourth in 2022. The latest action – the ...
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Peloton loses the next top executive

2022-09-27T13:56:00Z

After its co-founders, Peloton Interactive also loses its CMO. Dara Treseder has left the company. She was the chief marketing officer of the interactive fitness platform for the last three years. Source: Autodesk On LinkedIn she wrote: „Today, on my birthday, I’m very excited to share ...