Barry McCarthy

Barry McCarthy, CEO of Peloton Interactive, Inc (NASDAQ:PTON), has stepped down from his position. The company also announced a 15% cut in its global workforce, attributing the decision to a slump in demand for its fitness products in the post-pandemic era. What Happened: McCarthy’s...

Last Wednesday, Peloton Interactive Inc (NASDAQ: PTON) posted a wider-than-expected loss and quarterly drop in subscribers greatly due to Bike recall that costed the fitness company more. Shares plunged 22% in response. CEO Barry McCarthy, who is also a former Netflix Inc (NASDAQ: NFLX) and Spotify...

Peloton Interactive Inc (NASDAQ: PTON) shares are trading higher Wednesday after the connected fitness company reported fiscal second-quarter results and issued strong guidance. What Happened: Peloton reported fiscal second-quarter revenue of $792.7 million, which beat average analyst...

Interactive fitness company Peloton Interactive (NASDAQ: PTON) has been undergoing a transformation in 2022 that includes a new CEO, cost cuts and employee layoffs. A new plan might include seeing customers assemble products themselves. What Happened: Peloton CEO Barry McCarthy is leading a...

Connected fitness company Peloton Interactive (NASDAQ: PTON) unveiled a new product Thursday. Here’s the latest and what it could mean. What Happened: After years of rumors, the Peloton home rowing machine was unveiled during the company’s Homecoming event. The company didn’t get...

Peloton Interactive, Inc. (NASDAQ: PTON) shares sank further into negative terrain on Tuesday after it reported disappointing first-quarter results and issued weak guidance. Further Downside Limited: TFI Securities analyst Ming-Chi Kuo is optimistic that a turnaround could be in the cards...

Peloton Interactive Inc (NASDAQ: PTON) CEO Barry McCarthy took over as chief executive officer last month and immediately went to work following months of downward price action in Peloton's stock. His latest attempt to turn things around involves reimagining the fitness...

Peloton Interactive Inc (NASDAQ: PTON) CEO Barry McCarthy was featured in an interview with Jim Cramer on CNBC's "Mad Money" Wednesday night. Following the interview, Cramer turned more positive on the stock. "I think he can run this thing on a subscription basis,...

Peloton Interactive Inc (NASDAQ: PTON) is looking to turn things around after seeing its stock fall more than 75% over the last year. The connected fitness company cut back production of some of its products as a result of waning consumer demand, trimmed 20% of its workforce and hired...

Every day, Benzinga TV covers the biggest topics of the stock market. Benzinga’s new weekly highlights show features the top 10 events of the previous week. Follow Benzinga on YouTube for daily shows committed to providing the best market news and commentary. Here are the top 10 stock market...

It seems the recently announced CEO transition at Peloton Interactive Inc (NASDAQ: PTON) is off to a bumpy start. According to a CNBC report, an introductory meeting for the new CEO was crashed by former Peloton employees.  What Happened: Barry McCarthy, who formerly held...

Connected fitness company Peloton Interactive (NASDAQ: PTON) reported second quarter financial results before market open Tuesday. The company also announced several management changes. Here are the key details. What Happened: Peloton reported second quarter revenue of $1.13 billion, up 6% year-...

Shares of Netflix, Inc. (NASDAQ: NFLX) are up over 50 percent since last year and continue to make new highs. However, the question many are asking is, "Where does the company go from here?" Paul Holland, general partner at Foundation Capital, an early stage venture capital firm that...

With Andrew Mason fired from Groupon (NASDAQ: GRPN), speculation for his replacement as CEO of the daily deal giant has begun. Mason's tenure is marked by Groupon's incredible growth in its first two years, followed by a stark drop in share value that fell from as high as $31 to as low as $2.60...