Latest news with #NickCaldwell
Gizmodo
a day ago
- Business
- Gizmodo
Peloton Wants You to Sell That Dusty Bike
Has your Peloton bike been collecting dust or doubling as a clothes rack? You're not alone, and now the fitness tech company is making it easier to get those unused bikes into the homes of people who will actually ride them. Peloton just expanded its resale marketplace for bikes, treadmills, and rowing machines nationwide. Peloton first launched the platform in June in only a few markets—Boston, New York, and the D.C. metro area. Since then, users have created over 400 listings and completed roughly three dozen sales. The expansion is part of the struggling company's broader turnaround strategy. 'This initiative provides a valuable service to our community, offering an accessible entry point for new members, a convenient way for existing members to upgrade or sell their equipment, and an opportunity for our equipment to be given a second life,' Chief Product Officer Nick Caldwell said in a press release. Starting today, Peloton owners across the country will be able to list their used equipment and accessories on the platform. And buyers nationwide will be able to make purchases beginning in August. Peloton says it will suggest prices based on market trends and the condition of the user's gear, but sellers still get to set the final price. Those who offload their old equipment on the marketplace will earn some cash from the sale and will receive a discount on their next Peloton purchase. Bikes on the marketplace are listed for as low as $289, hundreds of dollars cheaper than their original $1,445 retail price. Peloton launched in 2012 and quickly gained a reputation as a premium fitness brand, selling pricey equipment with built-in screens that stream live and on-demand workout classes that are available through an additional subscription. The company hit its stride during the covid-19 pandemic, when gyms were closed and people were scrambling for ways to stay active at home. But that momentum didn't last. As life slowly returned to normal after the pandemic, so did people's workout routine outside the home. The company's stock has dropped 95% from its early 2021 peak of nearly $170 a share to around $6 today. And sales of Peloton's fitness equipment are still dropping. In May, the company reported a 27% year-over-year decline in equipment sales during its fiscal third quarter. Earlier this year, Peloton brought in Peter Stern—formerly head of Ford's integrated services division—to take over as CEO. Before his time at Ford, Stern spent years at Apple, where he led the company's services division, overseeing products like Apple TV+ and Apple Fitness+. At the Bloomberg Tech conference in June, Stern said the new marketplace is a key part of Peloton's turnaround strategy. He said the secondhand market was one of the most effective ways for the company to bring in new members. 'There are lots of Peloton bikes in particular that are out there in the world that are being underutilized—and that does no one any good,' Stern said.
Yahoo
20-07-2025
- Health
- Yahoo
Mom, 25, Cries for Her Kids After Learning Breast Cancer Spread to Spine, Ribs, Lungs: ‘Hope I Get to See Them Grow Up'
NEED TO KNOW Savannah Caldwell says she was 'so tired all the time' — the first symptom that something was going on with the 25-year-old newlywed — before being diagnosed with stage 4 breast cancer The mom of four explains that it has spread throughout her body, and she is sharing her journey online as she undergoes brutal, aggressive treatment 'I want to fight and I want to live,' Caldwell saysA 25-year-old woman is facing the unthinkable after being diagnosed with breast cancer that's metastasized throughout her body. 'Fatigue was the main symptom' for newlywed Savannah Caldwell, who told WSAZ-TV, 'I'm 25, I shouldn't be feeling so tired all the time. And extreme pain in my bones [that was] unexplainable. There was no reason [for it].' Caldwell, who is raising four children with her husband Nick, found a lump on her chest and doctors ordered a biopsy this past spring. That's when she was diagnosed with cancer — stage 4 invasive ductal carcinoma. While it's the most common type of breast cancer, it generally affects women 55 and older, according to the Cleveland Clinic. 'I was in complete shock,' Caldwell said. 'I remember staring at the floor, not knowing what to think, not knowing what was next, that was a big worry. Worrying about my family, worrying about my life. I've grown up faster in a week than I have in 25 years.' She started chemotherapy immediately — and began documenting her treatment journey on a Facebook page, Savannah's Breast Cancer Battle, and TikTok, Savishay14, to raise awareness as more women under 40 are diagnosed with the disease. As she shared, 'the breast cancer has metastasized in my spine, ribs, lungs,' and doctors are testing to see if it's spread to her brain. Her first chemo treatment took nearly 12 hours, she shared, and according to a GoFundMe established by a close friend to help her pay for treatment, Caldwell — who had tested positive for the BRCA gene, which means you're more likely to develop breast or ovarian cancer — is expected to undergo radiation and immunotherapy as well. After her seventh chemotherapy treatment, Caldwell shared that she was recovering from a virus that caused her to become 'very ill and I dropped to 86 pounds … fatigue has set in a lot.' The virus was debilitating, a friend shared in a Facebook update after Caldwell's eighth round of chemotherapy. 'Now the neuropathy has set in — her fingers and toes are tingling and numb. On top of that, she's dealing with extreme hot flashes that come in waves and leave her soaked, exhausted, and unable to sleep.' The post continued: 'And as if that wasn't enough, she's still coughing up remnants of the infection she just battled. It's like her body just can't catch a break. But even with all of that… she's still here. Still fighting. Still holding on with everything she's got. And I couldn't be prouder of her.' 'For the most part, I'm optimistic. I want to fight and I want to live,' Caldwell told WSAZ. 'Being so positive isn't about living in denial — it's about being resilient, and I want to show that so much.' 'At night, especially when I'm with my kids,' she said. 'When we're cuddled up at night and I look over at my kids, I just hope I get to see them grow up.' 'I want my story to be a beautiful one no matter how long or short it is.' Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Read the original article on People
Yahoo
24-06-2025
- Business
- Yahoo
Peloton Interactive (PTON) Declines 11.2% W/W as 2 Execs Unload Stake
Peloton Interactive, Inc. (NASDAQ:PTON) is one of the . Peloton Interactive dropped its share prices by 11.2 percent week-on-week, from $6.96 on June 13 to $6.18 last Friday, following two of its executives' disposition of shares in the company. In separate regulatory filings, Peloton Interactive, Inc. (NASDAQ:PTON) said its chief finance officer, Elizabeth Coddington, and chief product officer, Nick Caldwell, sold a significant chunk of their stakes last week. Coddington, for her part, disposed of $269,322 worth of PTON stocks, covering 38,708 units at a price of $6.9578 apiece. Meanwhile, Caldwell sold worth $446,759, covering 63,925 shares at a price of $6.9888 apiece. Investors typically view insider selling negatively, especially when a company states no reason for the sale. In the third quarter of fiscal year 2025, Peloton Interactive, Inc. (NASDAQ:PTON) narrowed its net losses by 71.5 percent to $47.7 million from $167.3 million in the same period last year, pushing its nine-month losses down by 73 percent to $140.5 million from $521.4 million in the same comparable period. A group of people in a fitness class with connected fitness products in a studio or gym. Revenues for the last quarter declined by 13 percent to $624 million from $717.7 million year-on-year, while revenues for the nine-month period decreased by 8 percent to $1.883 billion from $2.056 billion. While we acknowledge the potential of PTON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
