Peloton’s stock drops over 20% due to disappointing holiday sales and slow interest in new products
Peloton Reports Disappointing Holiday Quarter Results Peloton’s recent holiday quarter results fell short of expectations, leading to a significant drop in its share prices—over 20% in early trading. The company struggled as customers hesitated to spend on its new AI-enhanced product lineup and were reluctant to accept higher subscription costs. During the three months ending […]
NYC startup peddles used Pelotons at after pandemic-darling crash
A New York City-based startup is buying up used Pelotons that have been gathering dust since the pandemic and reselling the once-prized bikes at premium prices, The Washington Post has learned. Trade my spinsLaunched in March by CUNY alumnus Ari Kimmelfeld, the service aims to attract new customers by making the pricey Peloton cheaper, and […]