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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SpaceX, Klaviyo, LLMs: Highlight Stories From This Week
This week we were treated to not one but two big tech IPOs! Plus, two tech juggernauts—Amazon and Microsoft—held big, flashy product launch events. Through it all, The Information’s newsroom pumped out a string of scoops, analyses and meaty newsletters.
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