Peloton said it will acquire the fitness equipment manufacturer Precor in a deal worth $420 million. Peloton said the deal was motivated in large part by Precor’s U.S.-based manufacturing capacity, which Peloton said will allow it to deliver its connected fitness cycle and other products to its customers more quickly. Since the pandemic led to a surge in sales of Peloton’s products, the...
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Snap’s Weak Q4 Projection Signals Sharp Slowdown in Ad Market
Advertisers are hitting the brakes—hard. That’s the message today from Snap, the first of the digital ad companies to report third-quarter earnings. A combination of Apple’s ad-targeting clampdown and knock-on effects from supply shortages are expected to sharply slow fourth-quarter ad growth, Snap executives warned. It was a sobering portent for Facebook, Alphabet and all other media firms...
Brex Said to Raise Funding at $12.3 Billion Valuation
Intel Blames Chip Shortage for Q3 Sales Miss
Snap Reports Slowdown in Revenue Growth and Projects Bigger Slowdown in Q4
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