Finance

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Peloton Shutting Down Mount Vernon Plant, 75 Employees Face Layoffs

Long Island Peloton employees in Farmingdale and Port Washington will also be laid off, in addition to those at the Westchester plant.

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IHRSA Releases Startling Report: Urges to #SaveOurGyms & Issues Warning for Q2

For its report, IHRSA examined data and compared health clubs, gyms, and studios that were open from March 2020 to December 31, 2021.

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Report: Peloton’s First All-Hands Meeting Goes Downhill

Despite the angry comments, some participants welcomed McCarthy as the new leader of Peloton in the all-hands meeting.

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Elo Health Secures $5 Million in Seed Funding from Prominent Investors

Elo Health, founded in 2020, received $5 million in seed funding from over 100 founders, CEOs, and technology operators.

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FitLab Focusing on Hybrid Fitness: Acquires Electric, Fitplan, & Ragnar

With the acquisitions of Fitplan and Ragnar, FitLab says it will bolster its fitness integration presence in the industry.

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Gympass Expands as it Acquires Andjoy & 7Card

7Card, a well-being leader in Romania, will assist Gympass in making well-being universal with its 1,000+ corporate clients & 600+ partners.

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Major Shake-Up Alert: Foley Out as Peloton CEO, 2,800 Job Cuts

Foley assured that the changes at Peloton will not impact instructor rosters, classes, or fitness modalities.

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Internal Docs Report: Peloton Slashed Sales Goals

Internal documents reveal 'momentum' for the apparel line, which is overseen by Peloton VP of Apparel Jill Foley, CEO John Foley's wife, is...

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Investor Says Peloton CEO Must Go, Cites ‘Grave Concerns’ & Lists Foley’s Failures

While investors have lost nearly $40 billion in wealth, Peloton CEO sold stock regularly & repeatedly, garnering over $115 million.

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Professor Scott Galloway Predicts the Future of Peloton

Since NYU Professor Scott Galloway was on-target with his Amazon prediction, what does he think of Peloton’s prospects?