Peloton’s new CEO is making a dramatic move to boost sales growth as demand for its connected bikes and treadmills plummets. The fitness equipment seller on Thursday announced that it’s cutting prices on its home exercise equipment while raising monthly subscription fees for North American customers. The company is trying to pull off a turnaround after sales growth slowed dramatically as...
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The Weekend Startups AI
The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
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