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☆ How Peloton went from a pandemic-era success story worth $50 billion to laying off more than 4,000 workers and losing 4 top execs in a month
▼ + stars: | 2022-09-26 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +14 min

Peloton's stock has been trading well below the IPO price of $29 per share, at one point dropping as low as $8.22. Prior to founding Peloton, Foley was president at Barnes & Noble, overseeing its e-commerce business. "I would say that it took about five years for the really smart money to start getting involved," Foley told Insider in 2018. The ad, featuring a woman whose husband gifts her a Peloton bike for Christmas, was viewed as being sexist and playing into outdated standards of beauty. Public outrage over the ad sent Peloton's stock plunging 9%, wiping out $942 million in market value in a single day.

☆ Rick Scott predicts the Trump civil fraud lawsuit won't hurt the GOP's chances of retaking the Senate much and says the Mar-a-Lago raid 'revved up the base'
▼ + stars: | 2022-09-21 | by ( Warren Rojas | ) www.businessinsider.com time to read: +2 min

Sen. Rick Scott downplayed the chances of a new lawsuit against Trump endangering the midterms. Scott said simmering outrage over the Mar-a-Lago raid could drive more MAGA voters to the polls. Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. Scott said what matters more to diehard Trump fans is how the former president is being scrutinized by federal investigators right now. "I think the FBI revved up the base — by doing the raid and not telling anyone why they did it," Scott said.

☆ Berkshire Hathaway’s annual meeting is here: What to expect from Warren Buffett and Charlie Munger
▼ + stars: | 2022-04-29 | by ( Yun Li | ) www.cnbc.com time to read: +6 min

Warren Buffett at Berkshire Hathaway's annual meeting in Los Angeles California. Here are some of the big topics shareholders will want to hear from Buffett: Market outlook: The stock market has suffered a correction on fears of inflation and rising rates. The stock market has suffered a correction on fears of inflation and rising rates. A slowdown in buybacks: With Berkshire shares significantly outperforming, will Buffett cease or slow down his aggressive buyback program? With Berkshire shares significantly outperforming, will Buffett cease or slow down his aggressive buyback program?

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