Peloton doesn’t want to be known as just a bike company anymore — so they’re rebranding

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BusinessPeloton is undergoing a significant rebrand, dumping its identity as a seller of luxury exercise bikes and equipment for one of health technology for all.Since peak in 2021, high-end health tech company has lost over 90% of its valueThe Associated Press · Posted: May 24, 2023 4:30 PM EDT | Last Updated: 2 hours agoAfter…Continue Reading

Peloton shares derail again as ex-CEO and chief legal officer leave board

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Shares of Peloton plunged on news that company co-founders John Foley and Hisao Kushi are stepping down amid sluggish sales.Foley stepped down as executive chair on Monday. Kushi will depart from his role as chief legal officer on Oct. 3.Foley had been Peloton’s CEO for 10 years and became executive chair in February. The board of the…Continue Reading