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Stock impact report

Peloton shows everything doesn't need to be a subscription: Morning Brief [Yahoo! Finance]

Zuora, Inc. Class A (ZUO) 
Last zuora, inc. class a earnings: 3/12 04:12 pm Check Earnings Report
Company Research Source: Yahoo! Finance
What we're watching What we're reading Economic data releases and earnings Not everything has to be a subscription company. Peloton, the former star of the stay-at-home economy turned archetype of the COVID comedown, still can't turn itself around . In a fit of sweaty déjà vu, the maker of connected exercise equipment is slashing headcount and saying goodbye to its CEO. Two years ago Peloton did the same thing but ended up in the same place, which is, I suppose, what stationary bikes do. To reduce costs the company will lay off about 400 people and continue to ditch physical showrooms. But Wall Street didn't appreciate Peloton's latest culling. The stock tumbled more than 12% Thursday, dragging shares below $3. Next to razors, boxes of wine, and streaming services, subscription fatigue is settling in. But Peloton's problem isn't its digital product. “The subscription economy isn't going anywhere,” said Adam Levinter, CEO and founder of the consultancy Scriberbase and auth Show less Read more
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