And just like that, Peloton is experiencing a correction

It’s been a hot minute since a publicly traded hardware company experienced a valuation correction as dramatic as Peloton’s. As a former hardware founder and investor, I can’t help but feel sorry for the no-mercy hill climb the company finds

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Daily Crunch: After slashing 2,800 jobs, Peloton taps former Spotify CFO to replace outgoing CEO

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for Tuesday, February 8, 2022! Today we’re talking layoffs, blockchain infra,

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Amazon and Nike are exploring bids for Peloton, report says

Shares of Peloton surged 30% in extended trading on the news, which comes days after activist investor Blackwells Capital urged the company’s board to put it up for sale. Amazon is exploring an offer for Peloton and is speaking with

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Peloton CEO John Foley Is No Longer a Billionaire

Image: Bloomberg Peloton CEO John Foley’s net worth plunged by US$400 million on Thursday (November 4) after the company said it expected to bring less revenue next fiscal year following its weaker-than-expected quarterly earnings.  Peloton, known for its internet-connected stationary

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