May 7, 2021
Just a day after Peloton recalled its treadmills, the company reported beating its third-quarter revenue expectations by $140 million.
Yesterday, Peloton announced that it is pulling its Tread and Tread+ after more than 70 injuries and one child death were reported in relation to the product.
The company said it is working with the Consumer Product Safety Commission, which has been pushing for...
May 6, 2021
After 70 injuries and one child's death Peloton is recalling its connected treadmills. This comes following increasing pressure from the U.S. Consumer Product Safety Commission (CPSC).
According to Peloton, this new voluntary recall was done in collaboration with the commission and includes its Peloton Tread+ and Tread.
Peloton said that the recall means sales of the Tread+ will immediately stop...
May 3, 2021
Consumer fitness company Peloton is launching a slew of new features for its products. This comes just weeks after the company refused to recall its exercise treadmill despite pressures from consumer protection agencies after a number of injuries involving small children, including one death.
At Peloton's homecoming event, the company announced that its stationary bike and treadmills will now...
April 19, 2021
During the COVID-19 pandemic, Peloton's connected bike and treadmill became the "it" workout devices. Last quarter, the workout giant beat its revenue expectation by more than $34 million.
But the company is now on rocky footing. On Saturday, the U.S. Consumer Product Safety Commission issued a warning about the dangers of the Peloton Tread+ after a slew of injuries in small children, including ...
March 29, 2021
Copenhagen-based indoor cycling platform, Motosumo has announced the completion of a €5 million ($6m) Series A funding round led by London-based SME growth investor, Magenta Partners and existing investors.
Investors in Motosumo from previous rounds include the Danish venture capital fund Promentum Equity Partners, and PreSeed Ventures.
WHY IT MATTERS
Motosumo’s tech allows users to join the...
March 24, 2021
Peloton's acquisition spree. Bloomberg reports three smaller acquisitions by connected fitness company Peloton Interactive over the past several months. These include AI voice assistant company Aiqudo in February, as well as fitness smartwatch maker Atlas Wearables and interactive workout mat Otari in the final quarter of last year.
Peloton told the publication that the three deals had closed and...
December 22, 2020
Connected fitness company Peloton, a unicorn famous for its connected-bicycle offering and virtual fitness classes, has acquired Precor, a major manufacturer of commercial fitness equipment, for $420 million. The acquisition is expected to close in early 2021.
WHAT'S THE IMPACT?
The acquisition will allow Peloton to bring much of its manufacturing in house and have more control over the supply...
November 18, 2020
Long-term data on ambulatory monitoring patches. Scientists from the Scripps Research Translational Institute and Johnson & Johnson have unveiled three-year study data for iRhythm Technologies' Zio wearable ambulatory monitoring patches at this year's American Heart Association Scientific Sessions. The mSToPS study examined 1,738 participants who were a mean age 73.7 years at the time of...
September 16, 2020
While Apple’s big announcement yesterday was around a new blood oxygenation sensor, the company also rolled out a new video fitness class offering which could turn out to be even more impactful for the company.
Apple Fitness+, a diverse subscription platform of fitness videos designed to be used in conjunction with an Apple Watch and its activity-tracking functions, brings Apple...
September 8, 2020
Peloton, the fitness company best known for its connected stationary bikes, has just added the second generation of its bike and a lower priced version of its connected treadmill.
Peloton Bike +, which is at a higher price point than the original, has additional software developed to guide users through yoga, stretching, meditation, and the more traditional spin classes.
The bike, which costs...