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Apollo and Blackstone are among participants in $750mn financing for connected fitness company
Chief ‘not sure yet’ about aspects of growth strategy as stationary bike maker’s revenue declines
Fitness company’s shares fall after reporting net loss of $757.1mn and disappointing guidance
Despairing shareholders, stuck on a downhill ride to nowhere, would surely welcome an exit
Plus, Microsoft lands on regulators’ radars in the EU
Blackwells Capital says Barry McCarthy has failed to reform governance at fitness company
Falls have proved ‘wicked punishment’ for managers holding Peloton, Zoom and other high-growth bets
Sale to Michael Dell-backed investment firm is largest since John Foley was ousted as fitness company’s chief
Banks lending to clients whose equity is collateral is good for both — until share prices collapse
Company insiders tell the FT that executives hatched a scheme to cover up corrosion and avoid a costly recall
It was a darling with investors and customers. What went wrong?
Company’s shares fall as much as 5 per cent after Barry McCarthy rebuffs calls to find buyer
Clinical number-cruncher has built his four-decade career as the adult in a room of young tech companies
Share price surge reflects Wall Street hope for a deal, but co-founder retains control as he moves to stave off suitors
Biotech groups face cash crunch after a ‘bloodbath’ in the stock market as investors dump shares
If a fraction of Prime members were to subscribe, sales of the fitness bike maker would soar
Peloton’s stock price has done a roundtrip. It’s not the only one.
Former Spotify CFO to take over as John Foley admits ‘missteps’ at fitness bike maker
Blackwells Capital calls for clear-out of directors at fitness group and probe into possible misconduct
Activist investors have pushed for a sale of the maker of connected fitness equipment
Consumers can take advantage of streaming and other monthly services, if they are given the tools
Lockdown darling must embrace change as sales sag and Blackwells Capital puts the boot in
Blackwells Capital seeks removal of John Foley after connected fitness group’s stock collapses
Sharp sell-off comes as investors dump shares in Peloton and other companies that prospered in the pandemic
Basic-Fit and PureGym to launch Peloton-style bikes next year as they see tech as chance to stand out
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