Tech stocks in a valley February 4, 2022 Just when Silicon Valley thought things couldn’t get any worse, they did. Meta tanked over 25 per cent on Wall Street yesterday, losing around $200bn (£147bn) in value, dragging the tech-heavy Nasdaq down along with it.
Ackman snaps up $1bn Netflix stake to go “all-in” on streaming January 27, 2022 Billionaire activist investor Bill Ackman has revealed he has built a stake in Netflix worth more than $1bn dollars, as the streaming giant battles a spiralling share price and investor exodus. Ackman announced on Twitter yesterday that his firm Pershing Square Capital Management started buying up Netflix shares on Friday and was now a top-20 [...]
Activist investor moves to oust Peloton boss January 24, 2022 Activist investor Blackwells Capital has moved to oust the boss of beleaguered home-fitness firm Peloton after it was revealed that the company was scaling back production last week.
“Stay at home” stocks tumble as global covid restrictions ease January 24, 2022 “Stay at home” stocks that boomed during the pandemic have slumped since the start of the year in a sign that investors and economies are beginning to shake off habits picked up through covid lockdowns. Shares in Netflix and Peloton were among the biggest fallers last week as bosses cut back growth projections and warned [...]
Peloton shares tumble 19 per cent after it temporarily stops bike and treadmill production January 20, 2022 Peloton is set to temporarily stop producing its bikes and treadmills amid collapsing demand, according to reports. The maker of connected fitness products took the decision to stem costs and limit losses caused by the company overstating the number of consumers it expects to buy its products. The news was first reported by CNBC. Production [...]
Three Christmas presents for a Cabinet that lacks political grip December 22, 2021 At this time of the year hapless members of the Cabinet, and even the Prime Minister himself, are entitled to some charity. We might usefully consider the gifts we would put under their trees on Christmas morning. Top of the list could well be both a Peloton and a deckchair. Sarah Healey, permanent secretary at [...]
Peloton pulls Mr Big ad as Chris Noth faces sexual assault claims December 17, 2021 Peleton has pulled an ad featuring Chris Noth after he was accused of sexual assault in claims published by the Hollywood Reporter.
Peloton was a lockdown sprinter, now it has to run a marathon to fight the competition November 16, 2021 Peloton was known for revolutionising the fitness sector during Covid. Its stationary bike, launched in 2014, was the beginning of its journey. The company’s evolution has been fuelled by millions of pounds in funding and technology to create the brand we know now: the flagship bike, which works in tandem with a monthly video class [...]
Boris Johnson is gambling on the war-on-woke to keep rioting Tories at bay over taxes October 7, 2021 Boris Johnson is a man not used to picking up the tab. During his tenure at the Spectator, he infamously never repaid the interns who bought him coffees and in Downing Street he has tried to palm off the bill for everything from his curtains to Daylesford Organic ready meals. Before the pandemic, while crucial [...]
Hybrid working: Out of office… forever? September 8, 2021 During lockdowns, many started working from home for the first time. Now, 91% don’t want to go back to the office full-time. With hybrid models of work being adopted by many, Christian Koch talks to leading CAs about the chances of a new workplace revolution… This article first appeared in ICAS’ CA magazine. What does [...]