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☆ Peloton hires former Twitter executive as new head of marketing
▼ + stars: | 2023-01-17 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Peloton is bringing in Leslie Berland, Twitter's former marketing head, as its next chief marketing officer, effective Wednesday. Berland left Twitter in November amid a slew of executive departures after Elon Musk's takeover, which has led to significant restructuring and revenue drops at the social media giant. Berland will report to Peloton CEO Barry McCarthy and oversee several of the fitness equipment maker's divisions including marketing, membership and global communications. Peloton is trying to shift the tides after a rough 2022, when its stock dropped more than 75%. [Berland] and the marketing team will play a central role in broadening our reach, appeal, and impact," McCarthy said in a statement Tuesday.

☆ 5 pitch decks that helped music and audio startups raise millions of dollars
▼ + stars: | 2023-01-09 | by ( Dan Whateley | ) www.businessinsider.com time to read: +2 min

Audio startups are changing how music and sounds are created, distributed, monetized, and consumed. A flurry of new companies have emerged to help artists and other audio creators build businesses. Insider spoke to five audio-startup founders who shared the pitch decks they used to raise funds. Innovation in music and audio has been on the rise as tech startups develop new ways for users to create, distribute, and listen to sounds. Read Insider's full list of 14 music startups helping artists, labels, and other creators grow their businesses, as technology shakes up the industryInvestors have poured millions of dollars into audio startups over the last few years.

☆ Peloton will pay a $19 million penalty for failing to act fast enough over treadmill incidents that included the death of a 6-year-old child
▼ + stars: | 2023-01-07 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Peloton will pay a $19 million penalty to settle charges by the Consumer Product Safety Commission. The CPSC said Peloton failed to immediately report injuries and stop distributing treadmills. Peloton received 150 incident reports, including the death of a child trapped under a treadmill. It also said Peloton violated the Consumer Product Safety Act by distributing 38 recalled treadmills after the product was jointly recalled by the CPSC and the company in May 2021. It added: "We are pleased to have reached this settlement agreement with the U.S. Consumer Product Safety Commission (CPSC) and look forward to working cooperatively with the CPSC to further enhance Member safety.

☆ Read the pitch decks that helped 5 music and audio startups raise millions of dollars
▼ + stars: | 2023-01-06 | by ( Dan Whateley | ) www.businessinsider.com time to read: +2 min

It’s the start of a class known as high-intensity interval training, a combination of treadmill and weight-lifting, at the boutique fitness studio Barry’s. The brothers and Rondeau, who now serves as Planet Fitness’ chief executive, hit upon a concept. Planet Fitness’ tag, “judgement free zone” is true to form. Part of the appeal is its $10 a month basic membership fee – which hasn’t changed – that Planet Fitness primarily collects through electronic funds transfers. Still, with solid and regular profits and a reasonable amount of debt, Planet Fitness has staying power, even if shareholders lose their shirts while its valuation comes in line.

Peloton has agreed to pay a penalty of more than $19 million after the Consumer Product Safety Commission said the exercise company failed to report potential hazards in using its treadmill and sold previously recalled products. Nonetheless, the safety commission said, Peloton did not immediately report the injuries to the commission. Ultimately, 150 people, pets and/or objects were pulled under the rear of Peloton's Tread+ treadmills, resulting in 13 injuries. In May 2021, Peloton and the commission jointly announced the recall of the Tread+ treadmill, but Peloton subsequently sold 38 more of the recalled treadmills via Peloton personnel and through third-party delivery firms, the CPSC said. "By failing to report these incidents to the Commission immediately, Peloton not only violated the Consumer Product Safety Act, but also consumers’ trust."

☆ Peloton to Pay $19 Million Fine Over Treadmill Recall
▼ + stars: | 2023-01-05 | by ( Sabela Ojea | ) www.wsj.com time to read: 1 min

Peloton Interactive Inc. has agreed to pay a $19.1 million civil penalty tied to the company’s handling of a treadmill recall last year. The exercise-equipment maker reached a settlement with the Consumer Product Safety Commission after the watchdog accused the company of failing to immediately report that its Tread+ machines contained a defect that could cause serious injury.

☆ Peloton fined $19 million for unsafe treadmills
▼ + stars: | 2023-01-05 | by ( Alexandra Peers | ) edition.cnn.com time to read: +2 min

New York CNN —Peloton has agreed to pay a $19 million fine for failing to promptly report treadmill hazards and for distributing recalled treadmills, the Consumer Products Safety Commission said Thursday. The fine resolves charges that the company had “knowingly failed to immediately report” to the US regulator defects with its Tread+ treadmill, it said in a statement. The civil penalty also settles charges that Peloton distributed recalled treadmills in violation of the Consumer Product Safety Act. In May, then CEO John Foley said Peloton “made a mistake in our initial response to the CPSC’s request. Peloton had received reports of “entrapment” by its Tread+ treadmills as early as 2018, it said.

☆ AppleCare+: Is It Smart Coverage or Just Another Money Pit?
▼ + stars: | 2023-01-04 | by ( Dalvin Brown | ) www.wsj.com time to read: 1 min

E23Four Reasons Why Android Is the World’s Most-Used Operating System Google’s Android operating system is the most popular in the world – you can find Android code on everything from Peloton bikes to kitchen appliances and even NASA satellites. WSJ’s Dalvin Brown explains why it’s the world’s most-used OS. Illustration: Rami Abukalam

☆ The year that brought high-flying Silicon Valley back down to earth
▼ + stars: | 2022-12-30 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +9 min

The tech industry, already dominant, only seemed destined to grow even bigger at the start of this year. The spread of the Omicron variant suggested a continued pandemic-fueled demand for digital goods and services, which had buoyed many tech companies. The result was a bloodbath unlike anything the tech industry has seen in the past decade. For years, Silicon Valley has held up its founders as visionaries who can see far into the future. “I do not think venture is cratering, or the tech industry is cratering as an industry.”But for now, at least, there appears to be no end in sight to the pain for Silicon Valley and those who work in it.

☆ 25 top PR hires of 2022, as companies like Activision and McDonald's grabbed executive talent to message around M&A and economic volatility
▼ + stars: | 2022-12-28 | by ( Michael Kaminer | ) www.businessinsider.com time to read: +1 min

Public relations jobs were in hot demand as companies navigated an economic crises and M&A scrutiny. Top talent from places like the Biden administration, and the NFL became available in 2022.Insider tallied up the year's biggest executive hires in the public relations industry. The PR industry's talent wars raged on this year, agency owners and executives tell Insider, as firms push into content, production, and even management consulting. The right hires can affect business. A well-connected executive can reel in business from high-level contacts and leverage those connections on behalf of clients.

☆ 15 leaders at TikTok, YouTube, and other platforms shaping their music strategies in a rapidly changing market
▼ + stars: | 2022-12-28 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

Here are 15 power players who are using social to shape the music industry in 2022. 2022 was a massive year for music on social media, as short-video apps like TikTok became the dominant platforms for fans to discover new songs. "Every short-format platform's got music on it now," Ted Suh, global head of music partnerships at Snap Inc., told Insider. The marriage of short-form video and music has become so pervasive that it's become a focus for tech incumbents including YouTube, which has 80 million paying subscribers across its YouTube Music and Premium services. The process has been both democratizing and exhausting for performers who often have to maintain active accounts across social media to succeed.

☆ Stocks making the biggest moves midday: Southwest, Peloton, Tesla, Herbalife and more
▼ + stars: | 2022-12-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Las Vegas Sands , Wynn Resorts — The casino stocks rose following China's announcement that it will end quarantine for international travelers starting Jan. 8. Shares of Las Vegas Sands and Wynn Resorts have outsized exposure to the country given their operations in Macao. B. Riley Financial - Shares of the investment company climbed more than 4% after it released guidance for the fourth quarter. The company said it expects operating adjusted EBITDA of between $90 million and $100 million for the fourth quarter. That is down from the fourth quarter of 2021 but above some previous quarters this year.

☆ Stocks making the biggest moves premarket: Southwest, Tesla, Peloton and others
▼ + stars: | 2022-12-27 | by ( Peter Schacknow | ) www.cnbc.com time to read: +1 min

Southwest Airlines (LUV) – Southwest slid 4.1% in the premarket following thousands of flight cancellations over the holiday weekend, a higher amount than experienced by other major airlines amid winter storm issues. United Airlines (UAL), American Airlines (AAL), Delta (DAL) and JetBlue (JBLU) all rose in premarket action. Tesla (TSLA) – Tesla fell 5.3% in premarket trading, after falling for six consecutive trading days and nine of the past ten. Peloton (PTON) – Peloton is selling refurbished bikes at discounts of up to $500 compared with new ones. Peloton rose 1% in the premarket.

☆ Forward Air CEO on what's next for global demand after an 'unusually slow' holiday quarter
▼ + stars: | 2022-12-27 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Forward Air shares are delivering on something few companies have as the year draws to a close. The stock is beating the Dow Jones Transportation Average and the S&P 500 in the fourth quarter. Forward Air CEO Tom Schmitt recently spoke with CNBC's Frank Holland about the holiday shipping season, the volume his customers are expecting for Lunar New Year, and the supply chain, trucking, and pricing outlook for 2023. Schmitt said spot rates are down and that "transactional softness" will remain, but contract will continue to be strong. "But I expect more normal ... closer to pre-pandemic with this year Lunar New Year, but we're not there yet," Schmitt said.

☆ Peloton to offer refurbished bikes at discounted prices
▼ + stars: | 2022-12-26 | by ( ) www.reuters.com time to read: +1 min

Dec 26 (Reuters) - Peloton Interactive Inc (PTON.O) is offering refurbished bikes across the continental U.S. and Canada at a discount of up to $500 over new bikes, the company said on Monday. The program, called Peloton Certified Refurbished, will provide models priced at $1,145 and $1,995 with the same 12 month warranty provided with new bikes. The fitness equipment maker was all the rage among fitness enthusiasts during COVID-19 lockdowns, with the company hitting a peak market valuation of nearly $50 billion in early 2021. However with people returning to gyms the company saw demand for its fitness equipment dwindle and saw its market cap slump to $3.02 billion currently. The company earlier this year expanded its rental program in the U.S., giving consumers a month-to-month option on its Peloton Bike and Bike+ models.

☆ Buying Peloton and similar growth stocks is 'absolute nonsense,' says strategist
▼ + stars: | 2022-12-23 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

High-growth tech stocks are unlikely to rebound after a "pivot" on interest rates from the Federal Reserve, according to one market strategist. This high-interest-rate environment has devalued equities and sent many tech stocks, including the Nasdaq Composite , firmly into a bear market this year. In such an environment, Toogood said stocks such as Peloton were an "absolute nonsense" trade for investors and pointed to its more-than-70% decline this year to date. Wood has attracted criticism from a range of value investors for the fund's lackluster performance, including Toogood. The ARK Next Generation Internet ETF , another fund also run by Cathie Wood, previously held Peloton shares.

☆ King Charles' III property empire includes 7 McDonald's, a Victoria's Secret, and an Apple store
▼ + stars: | 2022-12-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The Crown Estate owns properties worth $17.6 billion, including farmland and seabeds. It also owns retail parks with stores including McDonald's, Starbucks, KFC, and Victoria's Secret. The Crown Estate, which generates profits for the UK Treasury, is owned by the reigning monarch and control was passed down from Queen Elizabeth II to King Charles III upon her death in September. Lingerie and sex-toy shop Ann Summers also has a store at the Westgate shopping mall in Oxford, as does Victoria's Secret. Regent Street in central London, which is owned by the Crown Estate.

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☆ 15 music power players at TikTok, YouTube, and other platforms who are innovating and using social to shape the industry
▼ + stars: | 2022-12-20 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

☆ Compass CEO Robert Reffkin's memo on how to dump poor performers was good, but here's how it could have been better
▼ + stars: | 2022-12-12 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +4 min

Robert Reffkin, the CEO of Compass, asked his leadership team to help root out underperformers. The message is compelling but doesn't tell leaders what employees must do to succeed at the company. The memo arrived after two rounds of layoffs, in June and October, at Compass, which has been struggling financially. But the Compass memo, while giving strong examples of what workers shouldn't be doing, didn't offer as much guidance about what the company needs from employees right now. But Galinsky said the memo lacked details about what exactly employees need to do in order to succeed at Compass right now.

☆ Half of US employers are planning layoffs. Here's how to start 'career cushioning' so that you aren't screwed if you lose your job.
▼ + stars: | 2022-12-10 | by ( Shana Lebowitz | ) www.businessinsider.com time to read: +4 min

It helps to be prepared — to "career cushion" — so you're not blindsided if you lose your job. Start by updating your LinkedIn profile, networking more creatively, and thinking about your goals. Knowing you're prepared for whatever comes next can help mitigate some of that terror. Update your social-media profilesHeitmann said the first — and potentially easiest — thing to do is update your LinkedIn profile. "It's always helped me to really think through how to be prepared," Heitmann said.

☆ More holiday shoppers are using 'buy now, pay later' services like Affirm & Afterpay. Financial advisors warn that it's a useful tool that can quickly pile on debt.
▼ + stars: | 2022-12-06 | by ( Samantha Delouya | ) www.businessinsider.com time to read: +4 min

Buy now, pay later usage surged 85% during Cyber Week, according to data from Adobe Analytics. According to recent data from Adobe analytics, "buy now, pay later" usage surged 85%, and revenue increased 88% during Cyber Week compared to the week before. Unlike credit cards, most BNPL services don't require a credit check and don't charge interest. Rules of the roadMany experts agree that using a buy now, pay later service can be helpful when shoppers exercise caution. Dickens said he advises his clients to "Make sure you don't have more than two buy now, pay later installment loans.

☆ Noom sells psychology-driven weight loss — but former employees say they were unprepared for and overwhelmed by users' eating disorders, depression, and trauma
▼ + stars: | 2022-12-01 | by ( ) www.businessinsider.com time to read: +31 min

Before joining Noom, users fill out a questionnaire asking about what diet programs or mental health apps they've used in the past. Very overly optimistic and happy, doesn't acknowledge what I'm really saying," one Noom user wrote on Reddit. Some of the coaches Insider interviewed said they were interacting with Noom users within two weeks of starting. Emotional bandwidthRachel Clair was hired as a Noom coach in 2018, at a time when the coaching staff grew from 60 to about 200. Annette Riedl/picture alliance via Getty ImagesIn October, 500 more Noom coaches were abruptly called into a virtual meeting and laid off.

☆ Tech kept talent happy doling out stock during the boom. It's screwing investors in the bust.
▼ + stars: | 2022-12-01 | by ( Asia Martin | ) www.businessinsider.com time to read: +5 min

As tech stock prices plunge, firms are granting new stocks to staff to keep compensation high. But as stock values tumble in the second half of 2022, investors are looking at the increase in stock-based compensation (SBC) as an issue. And tech companies have been issuing a lot of shares to not only attract new employees but hang on to their existing ones. Peloton granted more than 4 million stock options and 1.7 million RSUs in its fiscal year that ended in June 2021. "The drop in the stock price makes the expense, for lack of a better way to phrase it, a lot more expensive," he added.

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