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Universal recipes for startup success are impossible: once good ideas are widely adopted, founders converge on the same moves, erasing any competitive moats (Jerry Neumann/Colossus)

Jerry Neumann / Colossus : Universal recipes for startup success are impossible: once good ideas are widely adopted, founders converge on...

2 May 2024

Peloton's CEO Barry McCarthy steps down as the company lays off ~15% of workforce, or ~400 people, its fifth layoffs since 2021, when it had 8,600 staffers (The Verge)

The Verge:
Peloton's CEO Barry McCarthy steps down as the company lays off ~15% of workforce, or ~400 people, its fifth layoffs since 2021, when it had 8,600 staffers  —  Peloton's CEO Barry McCarthy is stepping down after announcing yet another round of layoffs, this time affecting about 15 percent …

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