Peloton’s revenue dropped 24% in the March quarter compared to a year earlier, the fitness equipment firm reported Tuesday, while its net loss ballooned to $757 million from $8.6 million. The company forecast a 27% drop for the June quarter. The report is the latest sign of struggles at the maker of high-end exercise equipment, which earlier this year replaced its CEO, bringing in a former...
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Breaking Up SVB Is Hard to Do
With bids for the entity formerly known as Silicon Valley Bank due Friday, potential buyers and regulators are running into an interesting reality: Breaking up—and salvaging—SVB is hard to do. Nearly two weeks after SVB failed, the Federal Deposit Insurance Corp. has yet to find a buyer for the so-called bridge bank that took over SVB’s operations, despite being on the third...
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