Tuesday, February 8, 2022

Peloton CEO and co-founder John Foley will step down, replaced by ex-Spotify and Netflix CFO Barry McCarthy; Peloton will cut 2,800 jobs and cancel Ohio factory (Cara Lombardo/Wall Street Journal)

Cara Lombardo / Wall Street Journal:
Peloton CEO and co-founder John Foley will step down, replaced by ex-Spotify and Netflix CFO Barry McCarthy; Peloton will cut 2,800 jobs and cancel Ohio factory  —  Company to name former Spotify CFO Barry McCarthy as replacement, overhaul board and cut costs



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...