News

Peloton is still experiencing issues delivering orders of new bikes and treadmills, and outraged customers are turning to social media to lodge frustrated complaints

Peloton customers are outraged over continued shipping delays, The New York Times reports. Customers say deliveries of new bikes or treadmills aren’t showing up or are repeatedly rescheduled. Delays have plagued Peloton for months as skyrocketing demand coincided with supply chain issues. Visit Business Insider’s homepage for more stories. Peloton […]
Peloton is still experiencing issues delivering orders of new bikes and treadmills, and outraged customers are turning to social media to lodge frustrated complaints
Markets

Peloton erases losses and rallies 9% after inking multi-year deal with Beyonce

Peloton rose out of a morning loss and jumped as much as 8.6% on Tuesday after the company announced a new, multi-year partnership with musical artist Beyonce Knowles. The collaboration’s launch coincides with homecoming season, an annual fall celebration for students at historically Black colleges and universities. Peloton and Knowles […]
Peloton erases losses and rallies 9% after inking multi-year deal with Beyonce
Markets

Zoom tumbles 16% as Pfizer’s vaccine success drags on work-from-home stocks

Zoom dove as much as 16% in early Monday trading after Pfizer’s encouraging COVID-19 drug results dragged stay-at-home stocks lower. The pharmaceutical company announced Monday morning that it’s experimental coronavirus drug was more than 90% effective in preventing COVID-19 in trial participants. The news lifted global stocks, particularly those for […]
Zoom tumbles 16% as Pfizer’s vaccine success drags on work-from-home stocks
Markets

Peloton sinks after missing Wall Street’s sales forecast for next quarter

Peloton announced fiscal second-quarter earnings on Wednesday afternoon, and revenue forecasts for next quarter missed Wall Street estimates. The fitness equipment company’s quarterly revenue topped analyst estimates, and while net losses grew year-over-year, they still landed above Wall Street’s hopes. Peloton shares tumbled as much as 8% in early Thursday […]
Peloton sinks after missing Wall Street’s sales forecast for next quarter
Markets

Bets against Peloton’s stock are hovering near a record high — even after a recent plunge kickstarted by the company’s ill-fated commercial

Short wagers against Peloton stock are sitting near a record high after the company’s holiday ad garnered intense backlash. Peloton stock fell 11% in the six days following the commercial’s release. Traders piled into bets against a recovery, pushing short notional interest to a post-IPO record of $US975 million on […]
Bets against Peloton’s stock are hovering near a record high — even after a recent plunge kickstarted by the company’s ill-fated commercial