Peloton Raises Subscription Fees Cuts Prices For Bikes Treads
Adam Glanzman | Bloomberg | Getty Images Peloton is increasing its monthly charge for custom fitness content for the first time, while also lowering the prices of Bike, Bike + and Tread machines in an effort to reach new customers under CEO Barry McCarthy. McCarthy, who has been at the helm of the company for just over two months, is set to announce the sweeping changes internally on Thursday. It comes as Peloton tries to reverse the recent sharp drop in its share price....