Author: Victoria Song
Photo by Amelia Holowaty Krales / The Verge
As Peloton gets its financial ducks in a row, it appears the company is easing up on its patent disputes. Today, Peloton and iFit — which owns rival NordicTrack — announced that they’ve settled all pending litigation and that “all pending actions between the companies will be dismissed.”
The announcement itself was brief, offering little detail. As part of the settlement, iFit has agreed to remove some on-demand leaderboard tech from its devices, while Peloton will license “certain iFit patents relating to remote control technology.” This is somewhat a reversal in attitude from where Peloton was roughly six months ago.
Back in November — just as Peloton’s stock woes were beginning to take hold — the company reportedly filed lawsuits...
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Continue reading...
Photo by Amelia Holowaty Krales / The Verge
As Peloton gets its financial ducks in a row, it appears the company is easing up on its patent disputes. Today, Peloton and iFit — which owns rival NordicTrack — announced that they’ve settled all pending litigation and that “all pending actions between the companies will be dismissed.”
The announcement itself was brief, offering little detail. As part of the settlement, iFit has agreed to remove some on-demand leaderboard tech from its devices, while Peloton will license “certain iFit patents relating to remote control technology.” This is somewhat a reversal in attitude from where Peloton was roughly six months ago.
Back in November — just as Peloton’s stock woes were beginning to take hold — the company reportedly filed lawsuits...
Continue reading…
Continue reading...