Peloton CEO announces departure with company to axe 15% of headcount, as embattled fitness unicorn continues to lose pace [Fortune]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Fortune
The board will conduct a search to name a replacement, the fitness company said in a statement Thursday. Board chair Karen Boone and director Chris Bruzzo will serve as interim co-CEOs. Peloton shares were up about 9% in early trading. McCarthy—a veteran of Spotify Technology SA and Netflix Inc.—has spent the past two years overhauling the company. That's included layoffs, management shake-ups and the outsourcing of business functions. He's also forged new partnerships, including one this week with Hyatt Hotels Corp. that will bring Peloton bikes to the hotel chain in an attempt to boost sales. The executive has acknowledged in recent months that the company continued to struggle with growing “at scale” and warned in February that its revenue may not start increasing again until the fourth quarter. The New York-based company was a highflier during the early days of the pandemic, when lockdowns sent consumers scrambling for its stationary bikes and fitness classes. But the sha
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SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 4/29/24 - Form 144
- 4/26/24 - Form 144/A
- 4/26/24 - Form 144
- SPOT's page on the SEC website