Peloton’s sales dropped dramatically in the June quarter despite attempts to restore growth to its early pandemic glory days. The company’s unimpressive results erased stock gains it saw on Wednesday, when it announced it was ditching its pure direct-to-consumer strategy and selling its wares on Amazon. Revenue fell 28% year-over-year to $679 million in Peloton’s fiscal fourth quarter as...
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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company

Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
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