After enjoying a lockdown-fueled peak during the pandemic, Peloton is now spinning out of control. Product recalls, plummeting stock prices, a major decline in demand and its bike's dangerous cameos in not one, but two primetime TV shows have wiped roughly $40 billion from its market value in the last year.
After enjoying a lockdown-fueled peak during the pandemic, Peloton is now spinning out of control. Product recalls, plummeting stock prices, a major decline in demand and its bike's dangerous cameos in not one, but two primetime TV shows have wiped roughly $40 billion from its market value in the last year.
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