$293.08
-1.22 (-0.415%)
At Close: Jun 24, 2026
Peloton is replacing its CEO and cutting around 2,800 jobs
11:15am, Tuesday, 08'th Feb 2022 Engadget
Peloton grew massively during the COVID-19 pandemic, but now that things are opening up, it has struggled to maintain growth. Now, the company is shaking things up by replacing its CEO, overhauling the board and laying off around 20 percent of its corporate workforce, according to The Wall Street Journal . CEO and co-founder John Foley is stepping down as CEO to become executive chairman and will be replaced by former Spotify COO Barry McCarthy, the company told the WSJ . McCarthy will reportedly bring his understanding of content-driven subscription models to Peloton. "I have always thought there has to be a better CEO for Peloton than me," said Foley said. "Barry is more perfectly suited than anybody I could’ve imagined." On top of that, the company is cutting around 2,800 corporate positions. On top of its financial struggles, Peloton has been hit by bad press over equipment safety , unpaid employees and even not-so-positive mentions in recent TV shows. With the value of the company tumbling from a peak of $50 billion to around $8 billion last week, it has been a subject of takeover rumors from the likes of Amazon, Nike and even Apple.
Get iPhone 13 for Rs 57,661, MacBook Air M1 for Rs 77,861 and other Apple devices at Vijay Sales
11:13am, Tuesday, 08'th Feb 2022 India Today
Vijay sales is back with its special sale called Share the Love with Apple at Vijay Sales, which has been specially hosted for Valentine''s Day.
Apple patents keyboard that could turn iPad into MacBook
10:59am, Tuesday, 08'th Feb 2022 India Today
Apple has filed a new patent with the US Patent & Trademark Office related to a new kind of iPad keyboard accessory that has hinges and can be installed at multiple locations on the iPad.
Kristen Wiig, Laura Derns comedy Mrs. American Pie ordered to series by Apple
10:12am, Tuesday, 08'th Feb 2022 The Hindu
The comedy follows Maxine Simmons (Wiig) as she attempts to secure her place within the high society of Palm Beach
Europe Unemployment: Big Government, Less Jobs
10:00am, Tuesday, 08'th Feb 2022 Zero Hedge
Europe Unemployment: Big Government, Less Jobs Authored by Daniel Lacalle, The unemployment rate in the Euro Area fell to 7% in December and 6.4% in the European Union, compared with the United States at 3.9%. We cannot forget that these unemployment rates do not include furloughed jobs covered by unemployment retention schemes, which account for another 5 million workers waiting to return to normal activity. After a fiscal stimulus plan of more than 5% of GDP in 2020 and another 4% in 2021 and the European Central Bank purchasing 100% of net issuances from most sovereigns, the recovery shows a concerning weakness. Furlough jobs are rising again, working hours are still below the pre-pandemic level and real wages are falling as inflation eats the recovery. In December 2021, the youth unemployment rate was 14.9% in both the EU and the euro area. These unemployment levels are high, but some member states have even higher jobless ratios. Spain has a 13% official unemployment rate with still 220 thousand furlough jobs, and the youth unemployment rate stands at 30%.
Hearable Devices Market Size to Reach over USD 37.37 Billion by 2028 According Vantage Market Research
08:50am, Tuesday, 08'th Feb 2022 Benzinga
WASHINGTON, Feb. 08, 2022 (GLOBE NEWSWIRE) -- The Global Hearable Devices Market size is expected to reach over USD 37.37 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 9.9% during the forecast period. Market Synopsis There constant innovation and up gradation in the hearable devices along with change in consumer preferences from traditional devices to advanced and noise cancellation devices is expected to propel market growth. The hardware architecture comprises of Speakers (convert analog signals to sound), Bluetooth IC (to link with other devices usually a smartphone), sensors (track cadence, heart rate, or detect proximity), Microphones (to make or take calls, or for voice commands). Furthermore, the increasing number of the hearing-impaired people across the globe is expected to fuel market growth. As per the World Health Organization (Switzerland), more than 5 % of the global population are hearing impaired. These devices also help in managing some health conditions and disease states.
Vijay Sales Love with Apple sale is back. Get iPhone 13, iPhone 12, Macbook Pro on discount
08:42am, Tuesday, 08'th Feb 2022 Livemint
The effective price of the iPhone 13 to just 57,561.MacBook Air with M1 chip starts at 77, 861
Apple fined $5.7 mn again over Dutch dating app payments order
08:22am, Tuesday, 08'th Feb 2022 The Siasat Daily
Amsterdam: The Dutch antitrust watchdog Authority for Consumers and Markets (ACM) has confirmed that it has fined tech giant Apple another 5 million euros ($5.72 million) over the dating apps payment methods. According to TechCrunch, the penalty relates to an order by the competition authority requiring Apple to allow local dating apps to use third-party Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
Apple acquired startup that create music with artificial intelligence
05:12am, Tuesday, 08'th Feb 2022 StartupNews.fyi
Apple Inc. acquired startup called AI Music that uses artificial intelligence to generate tailor-made music, adding technology that could
Peloton share price leaps by almost a quarter after Amazon, Nike and Apple all linked with takeover interest
04:19am, Tuesday, 08'th Feb 2022 T&IN
The Peloton share price has leapt by almost a quarter in early trading on The post Peloton share price leaps by almost a quarter after Amazon, Nike and Apple all linked with takeover interest first appeared on Trading and Investment News .
Apple Acquires AI Music Startup For Work On Heartbeat-Based Personalised Music
04:18am, Tuesday, 08'th Feb 2022 CNN-News18
AI Music''s Infinite Music Engine technology is able to generate dynamic soundtracks that change based on the user interactions.
Apple Has Bought a Startup That Uses AI to Make Music to Fit Your Mood
03:59am, Tuesday, 08'th Feb 2022 TIME
The technology acquired can generate dynamic soundtracks that change based on user interaction
Dutch watchdog fines Apple $7.7 million again in App Store payments dispute
03:55am, Tuesday, 08'th Feb 2022 The Straits Times
February 08, 2022 11:55 AM AMSTERDAM (REUTERS) - The Dutch anti-trust watchdog on Monday (Feb 7) fined apple Apple 5 million euros (S$7.7 million) for a third time for failing to allow software application makers in the Netherlands to use non-Apple payment methods for dating apps listed in the company''s App Store.
Apple once thought of giving M1 iMac Face ID support, but never worked on technology
03:34am, Tuesday, 08'th Feb 2022 India Today
Apple was once willing to equip the iMac from last year with Face ID, but the redesign is why it did not go ahead with the plan, according to a new report.
The Netherlands slams a 5 million euros fine on Apple
01:17am, Tuesday, 08'th Feb 2022 Giz China
According to Reuters, the Netherlands Consumer and Markets Authority (ACM) has fined Apple 5 million euros for the third week in a row. The reason The post The Netherlands slams a 5 million euros fine on Apple appeared first on Gizchina.com .
Sign In
Buy AAPL