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here's your Daily Crunch. Coming up, Peloton's new CFO, PayPalaton's new CFO,

PayPal's long-awaited crypto update, and Instagram's plan to filter sensitive content.

Palaton has announced that its chief financial officer Jill Woodworth

is leaving the company and will be replaced by Amazon Web Services Executive Liz Coddington, effective June 13th.

Woodworth served as Peloton CFO since 2018 and will serve as a consultant for Peloton on an interim basis.

Cotington, who now faces the task of turning around Peloton's finances, most recently

served as the Vice President of Finance for Amazon Web Services.

Prior to this role, Coddington held senior leadership roles at companies

including Walmart and Netflix. The change marks yet another departure from the company's top

ranks. Peloton also announced that it was cutting 2,800 jobs globally,

around 20% of its corporate workforce,

at every level of the organization.

Up next, in response to customer demand, PayPal announced today that its users will now be

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