Saturday, August 28, 2021

Bike price cut, rising costs to hit Peloton's profitability

Peloton Interactive Inc said its near-term profitability would suffer due to a decision to slash the price of its exercise bike and higher commodity and marketing costs. https://ift.tt/3zpQ9Jp
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The UK's Ofcom opens an OSA probe into Meta over Instagram Instants, launched in May; Meta says it "briefed Ofcom about this feature on a number of occasions" (Reuters)

Reuters : The UK's Ofcom opens an OSA probe into Meta over Instagram Instants, launched in May; Meta says it “briefed Ofcom about thi...