peloton
The troubled fitness retailer and services company reported earnings last week Baillie Gifford & Co has filed a 13G/A form with the SEC disclosing ownership of 2,054,987 shares of Peloton Interactive, Inc. Class A (NASDAQ:PTON). This represents 0.66% of the company. In their previous filing dated January 27, 2022, they reported 31,817,011 shares and 10.67% of the company, a decrease in shares of 93.54% and a decrease in total ownership of 10.01% (calculated as current – previous percent ownership). Baillie has filed eight 13D/G filings since November 13, 2019. Q3 2022 hedge fund letters, confe...
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Despite going public way back in 1985, Autodesk has been growing sales and earnings at double-digit ratesAutodesk CFO says underlying business momentum is offsetting foreign exchange headwinds, with mid-point guidance unchangedAnalysts’ consensus rating on the stock is a “moderate buy”Shares of design software maker Autodesk (NASDAQ:ADSK) were trading higher Monday, bucking the broader market downdraft. Q2 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. ...
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Discusses the deal reached with Amazon, analyst thoughts and what financials the market is looking for at the Q4 print Peloton RalliesShares of interactive exercise equipment company Peloton Interactive Inc (NASDAQ:PTON) rallied 20.4% on Thursday after the firm’s executives released news about a successful deal brokered with e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN). Q2 2022 hedge fund letters, conferences and more Under the agreement, Peloton will expand its distribution footprint with a suite of products that will be available to millions of Peloton Members and potential customers. The...
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House to Fund Memberships to Staff, But Only To Peloton Interactive Inc (NASDAQ:PTON); Other Companies, and Makers of Fitness Monitors, Should Demand Equality House To Fund Memberships To PelotonWASHINGTON, D.C. (May 13, 2022) – The U.S. House of Representatives is preparing to announce that it will fund memberships to Peloton for all House staff members and police. The contract cost is a $10,000 upfront payment to Peloton, plus an extra $10 per month charge for each staffer or officer that utilizes the benefit. Q1 2022 hedge fund letters, conferences and more For most American taxpayers, a Pe...
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New York (AFP) - Slumping home-exercise company Peloton announced Tuesday a leadership shift and layoff plan as it scales back expansion plans due to weakening demand in the shifting pandemic. Founder John Foley will step down as chief executive but remain as executive chairman. Under a cost-cutting plan, the company will eliminate 2,800 jobs in an acknowledgement that it expanded too quickly. "This has been a humbling time for Peloton, but we remain confident in the fundamentals of our business, the strength of our platform, and the significant growth potential for Connected Fitness and our l...
AFP
Peloton Interactive Inc (NASDAQ:PTON) is set to cut 2,800 jobs —about 20% of its workforce— and appoint ex-Netflix Inc (NASDAQ:NFLX) Barry McCarthy as CEO as of Tuesday. The move is intended to revive the flailing company. Q4 2021 hedge fund letters, conferences and more BolsteringAs reported by CNN Business, Peloton is undergoing a major restructuring program that includes cutting jobs and replacing CEO John Foley with former Netflix and Spotify Technology SA (NYSE:SPOT) boss, Barry McCarthy. Foley is set to become the company’s executive chair. By cutting about 20% of its corporate staff, Pe...
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New York (AFP) - Home-exercise company Peloton announced Tuesday it would eliminate 2,800 jobs in a cost-cutting drive as founder John Foley stepped down as CEO, though he will stay on as chairman. The company, which has seen growth slow with the end of widespread Covid-19 lockdowns, said it will trim its planned 2022 capital expenditures by about $150 million. Annual costs are expected to fall "at least" $800 million as the company cuts corporate positions by 20 percent, Peloton said. Foley will be replaced by Barry McCarthy, former chief financial officer at Spotify and Netflix. Shares of t...
AFP
Peloton is grappling with a “significant reduction” in demand and will be instituting various halts on the production of its electric bikes and treadmills as a way to offset growing costs. There are staggered plans for Peloton’s different products, according to the documents obtained by CNBC. Peloton’s standard bikes will cease production from February to March, while the more expensive Bike+ was already halted in December and that will be continued until June of this year. Peloton’s treadmills are facing similar pauses: The Tread machine will not see production for six weeks beginning in Febr...
uInterview.com
New York (AFP) - Fitness firm Peloton has gone on the counterattack after a plot twist in "Sex and the City" helped send its shares into a skid -- bringing a key character on the show back to life in a parody ad, as it seeks to revive its own fortunes on Wall Street. In the first episode of the latest reboot of the popular series called "And Just Like That...," the character John Preston -- known as "Mr. Big" -- dies of a heart attack shortly after a workout on a Peloton exercise bike. Shares of Peloton suffered following the surprisingly dark turn in the comic series, falling 5.4 percent in F...
AFP
Following is the unofficial transcript of a CNBC interview with Tom Cortese, Peloton Interactive Inc (NASDAQ:PTON) Co-Founder & Chief Product Officer, live during the CNBC Disruptor 50 Summit today. Q3 2021 hedge fund letters, conferences and more Interview With Peloton's Tom CorteseJULIA BOORSTIN: Thank you so much, Tyler. And Tom Cortese, thank you so much for joining us here today to talk about being a disruptor and how to keep innovating during a period of so much uncertainty and change. Thanks for joining us today. TOM CORTESE: Julia, thanks so much for having me. Excited to be here. Exci...
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