Peloton Interactive (PTON) PT Raised to $46 at Baird

Blackwells Capital Calls For Urgent Action at Peloton

February 8, 2022 7:55 AM EST

Issues Comprehensive Presentation Demonstrating John Foleys Mismanagement of the Company and Calls Upon the Board to Fire Him

Highlights Strategic Value of Peloton to Range of Potential Buyers and Urges the Board to Begin Sale Process

Calls for Reformed Governance and Enhanced Board Composition

NEW YORK--(BUSINESS WIRE)-- Blackwells Capital LLC (together with its affiliates Blackwells), an alternative investment management firm that is a significant shareholder of Peloton Interactive, Inc. (Peloton or the Company) (NASDAQ: PTON), yesterday sent the... More

Peloton Announces Comprehensive Program to Reduce Costs and Drive Growth, Profitability, and Free Cash Flow

February 8, 2022 7:03 AM EST

NEW YORK, Feb. 8, 2022 /PRNewswire/ -- Peloton Interactive, Inc. (NASDAQ: PTON) today announced a series of steps it is taking to position the business for long-term growth while establishing a clear path to consistent profitability and sustainable free cash flow. Once these actions are fully implemented, the company expects to achieve at least $800 million of annual run-rate cost savings through operating expense efficiencies and significant margin improvement in its Connected Fitness category. The company will also reduce its planned capital expenditures in 2022 by approximately $150 million. The restructuring program is expected to result in... More

Peloton Announces Appointment of New Directors to the Board

February 8, 2022 7:02 AM EST

NEW YORK, Feb. 8, 2022 /PRNewswire/ -- Peloton Interactive, Inc. (NASDAQ: PTON) today announced the appointment of two new directors to its Board: Angel L. Mendez, a proven supply chain leader at the intersection of software, technology, and industrial operations; and Jonathan Mildenhall, a globally recognized creative leader in marketing and advertising. Erik Blachford, who has served as a director since 2015, will step down from his role on the Board.

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Peloton Announces Leadership Transitions to Position Peloton for Sustainable Growth, Profitability, and Long-Term Success

February 8, 2022 7:00 AM EST

NEW YORK, Feb. 8, 2022 /PRNewswire/ -- Peloton Interactive, Inc. (NASDAQ: PTON) today announced the following leadership transitions:

Barry McCarthy, who has held senior leadership roles at Spotify and Netflix and is a longtime advisor and board member at public and private technology... More