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Peloton is raising subscription prices for the first time to $44 a month, but cutting prices on bikes and treadmills

Peloton has cut the price of its bikes and increased its subscription costs, attempting to bring mo…

Gabrielle Bienasz   


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1 min read

The Best Answer An Older Person Can Give When Asked About His Or Her 22-Year-Old Boss

But McCarthy doesn't seem the least bit fazed. In fact, when AllThingsD's Jason Del Ray asked McCar…

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1 min read

The Best Answer An Older Person Can Give When Asked About His Or Her 22-Year-Old Boss

But McCarthy doesn't seem the least bit fazed. In fact, when AllThingsD's Jason Del Rey asked McCar…

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1 min read

Peloton's CEO steps down as the company cuts 15% of staff

Peloton CEO Barry McCarthy is stepping down, the fitness company announced on Thursday.

Grace Dean   


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New Peloton CEO describes what went wrong at the company: 'They spent money on things that they shouldn't have'

New Peloton CEO Barry McCarthy also told NYT's DealBook that the pandemic darling "got caught up in…

Sarah Jackson   


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Peloton's new CEO explains the difference between his management style and that of his predecessor, John Foley: 'You'll never hear me say we're a family'

"I love John's strengths, but I'm running the company," new Peloton CEO Barry McCarthy told NYT's D…

Sarah Jackson   


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Spotify just hired a Wall Street exec and it's the biggest hint yet that an IPO is coming

McCarthy's own addition to Spotify early last summer was one of the first indications that the stre…

Cadence Bambenek   


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2 mins read

Spotify takes 12 months to break even after a free users becomes a paying subscriber

But while the free tier eventually leads many customers into eventually becoming a Spotify Premium …

Becky Peterson   


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3 mins read

Meet Peloton's new CEO, an ex-Spotify exec taking the helm amid major cuts and investor pressure

The new CEO will oversee big job cuts and handle investor pressure on the embattled fitness company.

Meghan Morris   


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Peloton CEO John Foley is stepping down and the company plans to cut about 2,800 jobs

Former Spotify CFO Barry McCarthy is set to replace Foley, the firm announced Tuesday. Foley, CEO s…

Grace Dean   


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Peloton sinks after its new CEO says a sale of the company is unlikely, and that he's focused on long-term growth

CEO Barry McCarthy aims to turn the company around by focusing on more digital content and possibly…

Phil Rosen   


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Peloton's former CEO predicted the fitness group would become 'one of the few $1 trillion companies,' report says

In a virtual event hosted by Goldman Sachs in late 2020, John Foley recalled making the $1 trillion…

Mary Hanbury   


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1 min read

Peloton brings in Ford exec who helped create Apple Fitness+ to lead its turnaround effort

Peloton named Ford exec Peter Stern as its next CEO to spearhead a turnaround effort, aiming to rev…

Mary Hanbury   


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1 min read

Clinkle, A Buzzy Payments Startup That Hasn't Even Launched Yet, Has Laid Off 25% Of Its Staff

"Some young people are leaving, and some very reasoned executives are joining," he said. "It's reas…

Jillian D'Onfro   


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Peloton hires a former Amazon VP as CFO on a $1 million base salary to deal with its struggling finances

Peloton's new CFO Liz Coddington faces the daunting task of turning around Peloton's finances, whic…

Rosie Bradbury   


Lakshmi Varanasi   


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The CFO that took Netflix public just joined Spotify

After his departure from Netflix, McCarthy joined Pandora's board and then became chief operating o…

Steven Tweedie   


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6 mins read

Read the memo Peloton CEO Barry McCarthy sent to employees announcing job cuts, price hikes, and store closures

Peloton CEO Barry McCarthy told staff Friday the company would eliminate 800 more jobs, close many …

Sarah Jackson   


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New Peloton CEO Barry McCarthy denies reports that angry laid-off staffers crashed and cut short an all-hands meeting where he was introduced

In an interview with The New York Times, McCarthy refuted reports that an internal meeting announci…

Sarah Jackson   


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3 mins read

Spotify spikes 19% as surging podcast interest drives surprise quarterly profit

The streaming service saw 248 million monthly active users in the three-month period, landing above…

Ben Winck