Shares of connected-fitness company Peloton Interactive (NASDAQ: PTON) plunged 21.7% in April, according to data provided by S&P Global Market Intelligence. Peloton generates revenue by selling exercise hardware and subscription-streaming exercise content for these hardware devices. Business has been slow lately for the company, with hardware revenue down 52% year over year in the most recent quarter. Read More...
Shares of connected-fitness company Peloton Interactive (NASDAQ: PTON) plunged 21.7% in April, according to data provided by S&P Global Market Intelligence. Peloton generates revenue by selling exercise hardware and subscription-streaming exercise content for these hardware devices. Business has been slow lately for the company, with hardware revenue down 52% year over year in the most recent quarter.
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