Tag: Peloton Interactive Inc

Stocks making the biggest moves midday: AMC, Carnival and Eli Lilly

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters Check out the companies making headlines in midday trading. AMC Entertainment — The meme stock jumped another 17% in heavy trading following an 83% rally last week. Enthusiastic retail investors […]

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Tech companies made big pledges to fight racism last year — here’s how they’re doing so far

Demonstrators gather at the Lincoln Memorial during a protest against police brutality and racism on June 6, 2020 in Washington, DC. Win McNamee Last June, social media feeds became flooded with corporate statements about how companies would promote racial equity within and beyond their workforce. The commitments came after the police murder of George Floyd […]

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Lululemon first-quarter sales rise 88%, topping estimates, as store traffic rebounds

Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon Athletica said Thursday its fiscal first-quarter revenue soared 88%, topping analysts’ estimates, as shopper traffic steadily rebounded to its stores. The athletic apparel maker also issued a strong […]

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Mark Cuban, other investors, bet $250,000 on GRIND, a company that makes basketball shooting machines

Thomas Fields, founder of GRIND basketball. Source: GRIND The term has become popular in pro basketball, but Thomas Fields really did “trust the process” as he lured money from investors, including Mark Cuban, to expand his company. Fields is the founder of GRIND, a sports equipment company, and convinced the Dallas Mavericks owner to buy […]

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Peloton stock sheds $4 billion in market value in 1 day over its treadmill debacle

Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Ethan Miller | Getty Images Peloton shares closed Wednesday down nearly 15%, wiping $4.1 billion off its market value in one day, after the fitness equipment maker apologized for not voluntarily […]

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Peloton recalling all treadmills after reports of injuries, one death

A Peloton Interactive Inc. Tread exercise machine for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton announced Wednesday voluntary recalls of both its treadmill machines over safety concerns. The announcement marked a major reversal of Peloton’s initial reaction and comes after […]

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Peloton’s clash with agency over treadmill safety threatens to tarnish brand

Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on January 11, 2018 in Las Vegas, Nevada. Ethan Miller | Getty Images A public dispute with a federal agency over safety concerns and a chilling video of a child being dragged under a treadmill are threatening the community […]

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U.S. agency tells consumers to stop using Peloton’s Tread+ treadmill

Peloton Co-Founder and CEO John Foley speaks during the TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco. Kimberly White | Getty Images The U.S. Consumer Product Safety Commission on Saturday said consumers should stop using the Tread+ treadmill from exercise equipment maker Peloton if small children or pets are […]

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