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After expanding into podcasts, audiobooks, video, and even physical books, Spotify on Monday announced its next big category: fitness content. The company is building on its reputation as a hub for energizing playlists for your workout to actually become the home to your workout itself. To do so, Spotify has partnered with a number of…
Kevin Rose has a visceral rule for evaluating AI hardware investments: “If you feel like you should punch someone in the face for wearing it, you probably shouldn’t invest in it.” It’s a typically candid assessment from the veteran investor, and one born from watching the current wave of AI hardware startups repeat mistakes he’s…
A former Twitter executive will join Peloton as its chief product officer, the company announced Tuesday, replacing a company co-founder in the role. Nick Caldwell was named for the position on Tuesday, joining the leadership team of a company that has faced difficulty maintaining the rocketing growth it experienced during the COVID pandemic. “Nick brings…
Work Out While Binge Watching TV? Verizon Has a Plan For That Verizon, positioning itself as a “neutral” player in the content and streaming landscape, is continuing to expand its subscription hub, +play, through new partnership deals with Peloton and Starz. On Monday, the telecom giant said Verizon customers who are new to Peloton can…
“Peloton to pay $19M fine over recall of unsafe treadmill” Peloton Interactive has agreed to pay a $19 million fine for failing to promptly report a defect with its Tread+ treadmill that could cause serious injury, regulators said Thursday. The Consumer Product Safety Commission, in a statement, said the civil penalty would resolve the agency’s charges that…
“Peloton vows crackdown on porn images in user profile pics” Peloton is pledging to take action after several users went online and reported that pornographic images were popping up in profile photos. “Today, Peloton is taking active action against accounts being intentionally created with inappropriate content, including explicit imagery in their profile picture,” Peloton told…
“NordicTrack maker slashes 300 jobs in fifth round of layoffs” NordicTrack maker iFit Health & Fitness slashed 300 more jobs as the Salt Lake City, Utah-based company continues to reel from a change in post-pandemic habits. The cuts announced Monday were the fifth round of layoffs since late 2021 — trimming the ranks to 1,300…
“Peloton shares tumble after weak holiday forecast” Peloton Interactive on Thursday forecast holiday-quarter revenue below estimates and the fitness equipment maker warned that a challenging macro-economic environment could affect its goal of stopping cash burn this fiscal year. The company’s shares fell 18% to $7.10 before the bell but pared those losses, recently trading at $8.42….
“Peloton scrambles to soothe analysts after report on layoffs: sources” Peloton executives made a frantic round of phone calls to stock analysts early Thursday, scrambling to soothe concerns after the Wall Street Journal reported that the company has “six months to prove it can survive on its own,” sources told On the Money. The paper’s…
“Peloton, NordicTrack maker iFit settle all patent lawsuits” Peloton Interactive and NordicTrack maker iFit said they have settled all pending litigation between them, where the fitness equipment makers accused each other of infringing their respective patents. In a joint statement on Monday, the companies said Peloton agreed to license some iFit patents concerning remote control technology, while iFit will remove some on-demand leaderboard technology from its products. Leaderboards…