The news at Peloton Interactive (NASDAQ: PTON), a one-time darling of the pandemic trade, went from bad to worse on Thursday, as media reports described first a planned layoff of 41% of the company's sales and marketing staff -- and then a shutdown of production. As of 1:15 p.m., Peloton stock is already down 20%. Yesterday, reports from Business Insider of a Peloton plan to lay off 41% of its sales and marketing staff had no immediate impact on Peloton's stock price -- to the contrary, the shares gained more than 5%, presumably on hopes that layoffs would cut costs and boost profits at the exercise bike maker.
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- Men's Health
Steve, 35, from Scarborough in the UK reacts to seeing himself without his full face and head tattoos for the first time in 20 years on webseries Transformed.
When someone spells your name wrong, it can be annoying (my name is spelled Sydni — trust me, I get it). Usually, incorrect spellings on your Starbucks cup or from random emails is NBD, but when someone consistently spells your name wrong — especially someone you know — it can be downright rude. One mom […]
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- Ukrayinska Pravda
Terror-stricken Russians anticipate the delivery of foreign arms to the Armed Forces of Ukraine - conversation intercepted by the Security Service of Ukraine
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Chase Elliott lost his tire, then his mind ... Joey Logano sends a warning to William Byron and Dale Jr. said what about Kurt Busch?
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