📈📉 #Peloton plummeted from a pandemic-high valuation of $50 billion to... - peloton - kbin.social

brad262run, 2 months ago

📈📉 #Peloton plummeted from a pandemic-high valuation of $50 billion to $2.1 billion as of December 2023”
“Loyal fans and a sticky product should equal piles and piles of money … But it’s not rolling in cash. Some of that might be because it’s not always clear what #Peloton views its product to be”
#Peloton doesn’t want to be a #media company — but a lot of its problems sure look like #media company problems”
https://www.theverge.com/c/24105625/peloton-bike-tread-plus-business-valuation-history #fitness #bike #treadmill #talentmanagement #licensing

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brad262run, 1 month ago

Boom.
Bust.
“#Peloton’s #CEO Barry McCarthy is stepping down after announcing yet another round of #layoffs, this time affecting about 15 percent of its remaining workforce, or roughly 400 global team members. It’s the fifth round of #layoffs to hit the pandemic darling and comes after McCarthy said on its Q1 2023 earnings call that the company was done with #layoffs and that the ‘ship was turning’”
“the latest chapter in the company’s volatile history”📈📉 https://www.theverge.com/2024/5/2/24146989/peloton-announces-new-round-of-layoffs-as-ceo-quits

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