Latest Pro Cycling News
November 16, 2021
Peloton Soars After Stock Offering Attracts Major Investors
Peloton Interactive Inc. jumped as much as 15% after a $1 billion stock offering drew the interest of major investors, a sign Wall Street is ready to look past a grim forecast earlier this month. The shares rose as high as $54.45, marking the biggest intraday gain since March. The...
November 11, 2021
Richard Branson, 71, shows off gruesome injuries from ‘colossal cycling crash’ and reveals his helmet saved his life after his brakes failed during British Virgin Islands charity bike ride
Sir Richard Branson has suffered a 'colossal' bicycle crash after his brakes failed while taking part in an endurance charity race across the British Virgin Islands this week. The 71-year-old billionaire feared he had broken his back after colliding with another rider during day two of the Strive BVI event...
November 10, 2021
World Triathlon and RaceRanger team-up on anti-drafting tech
World Triathlon has teamed up with RaceRanger, an electronic sensor system designed to improve fairness around the issue of drafting on the bike section of non-drafting triathlons, which make up approximately 85% of triathlon competitions globally. Endurance.Biz
November 10, 2021
Black Employees at Peloton Are Voicing Concerns Over Pay Disparity
Insider published an investigation detailing some Black employees' concerns over pay disparity at Peloton. The report, published on Nov. 3, was based on interviews with four Black current and former Peloton employees speaking under the condition of anonymity, as well as Insider's access to inside communications (screenshots of Slack conversations,...
November 9, 2021
Peloton Introduces Peloton Guide, First Connected Strength Product
NEW YORK, Nov. 9, 2021 -- Peloton (NASDAQ: PTON) today announced its first connected strength product, Peloton Guide. The AI-enabled device easily connects to televisions, providing Members instant access to a suite of expert Instructors and the well-loved Peloton content library. Peloton Guide is Peloton's most accessibly-priced hardware product yet and will include the new Peloton...
November 9, 2021
Teen Driver Who Hit Cyclists While ‘Rolling Coal’ On Them Faces Felony Charges In Texas
Waller County, Texas, officials announced felony charges on Monday against a 16-year-old pickup driver accused of crashing into a group of cyclists while trying to blow exhaust on them. The collision sent four bicyclists to the hospital. HuffPost
November 8, 2021
Fox Factory’s Cycling Segment Scores Sixth Straight Record Quarter
Fox Factory Holding Corp. said its Specialty Sports Group (SSG), its cycling component division, soared 48.1 percent in the third quarter despite continuing supply chain constraints. Officials said with the current pace of industry demand, it expects it will take eight to 10 months to meet the current customer demand...
November 8, 2021
Planet Fitness Brings In Highest Franchise Revenue Ever
Planet Fitness surpassed third-quarter estimates by 13.62%, reaching $154.26 million in revenue compared to $105.38 million the year prior. The national gym chain recorded a net income of $18.6 million, up from a $3.3 million loss during the same period last year. Front Office Sports
November 5, 2021
Peloton freezes hiring after it slashes its forecast and shares drop 35%
Peloton halted hiring across all departments effective immediately during an all-hands meeting on Friday, CNBC has learned. The news comes a day after after Peloton slashed its full-year outlook amid slowing momentum for its fitness products. Peloton dropped 35% on Friday, wiping off more than $9 billion off its market value....
November 3, 2021
Strava Appoints Lily Yang as Chief Financial Officer
ang will be responsible for overseeing the finance and legal organizations to support Strava's continued growth and business in over 195 countries worldwide. Prior to joining Strava, Lily served as Chief Accounting Officer at Pinterest, where she drove performance and profitability initiatives, partnering with key stakeholders to launch in 30...