Peloton appears to be following the first of the four rules of holes for managing a crisis: When you find yourself in a hole, stop digging.
AP reported
“’The problem for Peloton isn’t that it has a bad product. Nor is it that there is no demand for what it sells,” said Neil Saunders, managing director of Global Data Retail in a note published Tuesday. ‘The central problem is one of hubris and bad judgment. Peloton incorrectly assumed that the demand created by the pandemic would continue to curve upward.’”
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Former Spotify executive tapped to take over Peloton as CEO resignsJohn Foley, a Peloton co-founder, will still have a role at the company as executive chair of Peloton Interactive.
Weiterlesen »
Meta Platforms, Peloton, General Motors: What to Watch in the Stock Market TodayEarnings are due after the market close from Lyft, Chipotle Mexican Grill and Peloton Interactive.
Weiterlesen »
Stocks Making the Biggest Moves in the Premarket: Peloton, Novavax, Harley-Davidson and MoreThe stocks making the biggest moves in premarket trading include Peloton, Novavax, Harley-Davidson, and more.
Weiterlesen »
Peloton is cutting 20 percent of workforce as CEO steps downPeloton is cutting 20 percent of workforce as CEO steps down and takeover rumors swirl
Weiterlesen »
Peloton removes CEO John Foley, slashes sales outlook, job cuts plannedPeloton is in crisis mode and a takeover may be the best solution to stop the stock's downward spiral.
Weiterlesen »
Peloton's potential suitors: Amazon, Nike, Apple, Disney or Sony?Peloton is in play with as many as five deep-pocketed suitors who could benefit from a potential acquisition of the fitness giant.
Weiterlesen »