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Facebook Marketplace, DoorDash Team Up for Local Deliveries

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Drivers for DoorDash are now delivering items to consumers purchased online from Facebook Marketplace as part of a new partnership between the delivery app and Facebook parent Meta Platforms Inc.

The deal is an attempt to get more people, especially younger ones, to use Facebook, while boosting DoorDash’s ambition to expand into delivering more than food.

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Peloton to Shed About 800 Jobs

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Peloton Interactive plans to cut about 800 jobs as it looks to reduce its operating footprint and cut costs, the company said Friday.

The New York-based company said it would eliminate its North American field operations warehouses and make cuts within its member-support team, among other changes, resulting in the loss of 784 jobs. It also plans to scale back the retail operations it had been building out and raise the prices on some of its products in the U.S.

social 14 captis executive search management consulting leadership board services

Peloton to Shed About 800 Jobs

social 14 captis executive search management consulting leadership board services

Peloton Interactive plans to cut about 800 jobs as it looks to reduce its operating footprint and cut costs, the company said Friday.

The New York-based company said it would eliminate its North American field operations warehouses and make cuts within its member-support team, among other changes, resulting in the loss of 784 jobs. It also plans to scale back the retail operations it had been building out and raise the prices on some of its products in the U.S.

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MTV Opens a Metaverse Experience to Promote the Video Music Awards

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The VMA Experience will run inside Roblox from Aug. 12 to Sept. 3 and include games and rewards for users.

Photo: Super League Gaming Inc.

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Tom Alberg, Early Amazon Investor, Cultivated Tech Startups

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Tom Alberg, shown in 2000, made a $50,000 investment in Amazon that was valued at around $2.7 million when the company went public.

Photo: Rex Rystadt/Bloomberg News

im 601185 captis executive search management consulting leadership board services

Tom Alberg, Early Amazon Investor, Cultivated Tech Startups

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Tom Alberg, shown in 2000, made a $50,000 investment in Amazon that was valued at around $2.7 million when the company went public.

Photo: Rex Rystadt/Bloomberg News

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EV Charging Companies Struggle to Build as Climate Bill Boosts Incentives

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The Democrats’ climate and tax bill increases incentives for buying electric-vehicle chargers, benefiting companies that are already rushing to build or install them. But permitting and supply issues remain, and the financial support won’t be a panacea.

The Biden administration wants 500,000 public chargers by 2030; McKinsey & Co. estimates that as many as 1.2 million are needed. So far, the U.S. has around 124,000 public chargers, most of which take several hours to repower a car, according to government data.

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Premium Consumer Gadgets Rocked by Slowdown

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Sonos said its Roam speaker was a notable contributor to recent sales weakness.

Photo: Sonos