Peloton co-founders John Foley and Hisao Kushi leave the company

John Foley, co-founder and former CEO of Peloton. Michael Nagle | Bloomberg | Getty Images Platoon announced the resignation of two of the company’s founders and another senior executive on Monday, marking the end of an era for the struggling fitness equipment company as CEO Barry McCarthy radically reshapes the business. Co-founder and former CEO … Read more

Roblox is getting into ads to diversify beyond virtual goods

Roblox has built a user base of over 52 million by providing a gaming and entertainment platform primarily aimed at children. Now the company wants advertisers to join in the fun. As part of its annual developer conference on Friday, Roblox is announcing plans to launch ads next year, marking the company’s first significant effort … Read more

GameStop (GME) Q2 2022 results

SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will release its third quarter results today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that quarterly sales fell … Read more

GameStop (GME) Q2 2022 results

SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will release its third quarter results today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that quarterly sales fell … Read more

5 things to know before the stock market opens on Friday, September 2

A trader on the NYSE floor, September 1, 2022. Source: NYSE Here are the most important information investors need to start their trading day: 1. Stocks and jobs Equity Futures rose Friday morning after the monthly jobs report. U.S. stock markets are coming off a mixed Thursday, which saw the Dow Jones and S&P 500 … Read more

5 problems investors want to solve

A pedestrian walks past a Bed Bath and Beyond store on November 04, 2021 in Larkspur, California. Justin Sullivan | Getty Images 1. A potential cash injection A key part of the announcement will be to clarify how Bed Bath plans to replenish its coffers to pay suppliers, meet other expenses and continue to invest … Read more

Here’s how Peloton CEO Barry McCarthy’s turnaround plan is unfolding

Barry McCarthy speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Platoon investors are fleeing after the company’s discouraging fourth quarter. But CEO Barry McCarthy is trying to convince them to stay for what he says is a comeback story. Shares … Read more

5 things to know before the stock market opens on Thursday August 25

Traders on the floor of the NYSE, August 24, 2022. Source: NYSE Here are the most important information investors need to start their trading day: 1. Stocks are looking for a new winning streak Equity Futures pointed to an upper opening Thursday after a positive Wednesday for the three main US indices. Markets are looking … Read more

Peloton (PTON) announces increased losses in the fourth quarter of 2022

A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Platoon On Thursday, it reported mounting losses and a slump in sales in its fourth fiscal quarter as the maker of connected fitness equipment tried to win back investors with cost cuts and strategic changes. … Read more

Peloton will sell fitness equipment and clothing on Amazon

A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., Wednesday, February 3, 2021. Adam Glanzman | Bloomberg | Getty Images Platoon has entered into a partnership with Amazon in a bid to expand its customer base and regain investor confidence, as revenue growth slows from pandemic highs … Read more