Peloton Wants To Expand Beyond At-Home Fitness With a Push Into Gyms, Businesses, and Hotels. Here’s How It Went From a Pandemic-Era Success Story To Losing Money.
August 21, 2023
Once a pandemic-era success story, Peloton faced a series of setbacks in 2022, including layoffs, executive departures, and a recall of its bike models. The company’s stock plummeted, and its expansion into the fitness market struggled as demand for at-home fitness waned. To revive its business, Peloton is now seeking to partner with businesses, hotels, and gyms, offering discounts on equipment and free app usage in an effort to rebound from its recent challenges and expand its reach beyond the at-home fitness market.
Recent News
New Starbucks Artist Collaboration Merch Announced
Inspired by personal experiences and cultural heritage, artist Monyee Chau brings forth a collection under the Starbucks Artist Collaboration Series set to debut this summer.
FDA Says Eating Yogurt May Help With One Common Disease
The Food and Drug Administration claims that yogurt could help with one common disease, but there’s a catch as to not mislead consumers.
Climeworks Unveils ‘World’s Largest’ Carbon Capture Plant
Amidst the global climate crisis, a groundbreaking solution emerges: the inauguration of the world’s largest carbon capture plant, “Mammoth,” in Iceland. Developed by Climeworks, this plant marks a significant stride in the pursuit of curbing planet-heating emissions.
Palmer Candy Company Recalls 29 Products for Possible Salmonella Contamination
The Food and Drug Administration (FDA) has recalled 29 of Palmer Candy Company’s white-coated confectionary items because of the potential for salmonella contamination.