Peloton

High-end fitness company Peloton, which has struggled in the post-pandemic world, has tapped another chief executive to try to turn around its business.

Peloton co-founder and former CEO John Foley, once a billionaire, reveals he has lost all his money and had to sell his things after leaving the company.

Some people who buy their Peloton exercise machines second hand will face a "used equipment activation fee," the fitness company announced.

Peloton Interactive, which suffered mounting losses when people returned to their old workout habits after the pandemic, reported a slight uptick in sales.

Peloton is in talks with at least one private equity firm about a potential buyout, according to a new report. The level of interest in the beleaguered company is unclear.

Peloton CEO Barry McCarthy is stepping down from the beleaguered high-end fitness company after just over two years in the role, the company announced Thursday.

Under the partnership, Peloton Interactive will provide branded exercise equipment to over 800 Hyatt properties this year, according to the hotel chain.

Peloton shares soared 30% in extended trading Wednesday after the company announced a five-year partnership with fellow high-end fitness brand Lululemon.

Peloton shares tumbled after the company reported fiscal fourth quarter earnings on Wednesday morning. Total revenue in the quarter dropped to $642.1 million.

Peloton Interactive announced changes on Wednesday that allow everyone to access many of the company's fitness classes and workouts, no matter where they are.

Peloton Interactive on Thursday announced a voluntary recall for its original bike model after it discovered a potential safety issue with the seat posts.

Peloton's original bike model has a potential safety issue with some seat posts that the fitness and media company said in a Thursday filing it has plans to address.

Peloton shares are up on Wednesday after the company reported significant losses in their latest quarter.

While at-home workouts like Peloton thrived during the Covid-19 pandemic, resurgence in demand for in person fitness classes has gym owners optimistic.

Peloton agreed to pay a $19 million fine for failing to disclose defects with its Tread+ treadmill, according to the Consumer Product Safety Commission.

Peloton will offer used versions of their in home exercise bike. All bikes will be refurbished, certified, and come with a 12-month warranty for piece of mind.

Peloton CEO Barry McCarthy said that the fitness equipment giant's turnaround effort remains a "work in progress" but that the "ship is turning."

The high-end fitness company said it will not use Ye's music in any new classes on its platform after the rapper and designer's recent antisemitic comments.

Foley pledged about 3.5 million Peloton shares as collateral as of the end of September 2021, or about 20% of his stake at the time, according to the Wall Street Journal.

Peloton CEO Barry McCarthy said in a memo to employees that the cuts mark the completion of the "vast majority" of its restructuring plan launched in February.