Shares of Peloton Interactive (NASDAQ: PTON) were trading as high as $171 at the beginning of 2021, but they now trade for under $10. A few years ago, Peloton was experiencing surging demand for its connected fitness products, but the company's business has turned upside down as people return to their pre-pandemic routines. Peloton reported a massive $2.8 billion in net losses on just $3.6 billion in revenue for fiscal 2022 (ended in June). Read More...
Shares of Peloton Interactive (NASDAQ: PTON) were trading as high as $171 at the beginning of 2021, but they now trade for under $10. A few years ago, Peloton was experiencing surging demand for its connected fitness products, but the company’s business has turned upside down as people return to their pre-pandemic routines. Peloton reported a massive $2.8 billion in net losses on just $3.6 billion in revenue for fiscal 2022 (ended in June).
