Peloton has continued to lose money as more people ditch their pandemic-era workout routines as stay-at-home orders are lifted around the world

Pandemic darling Peloton’s stocks plunge 18% as it reveals it lost staggering $750M in last quarter

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Pandemic darling Peloton’s stocks have plummeted nearly 90 percent over the past year, as company executives revealed on Tuesday that it lost a staggering $750 million in the last quarter due to unsold inventory and mounting costs.  The company lost $757.1 million for the three months of 2022, amounting to about $2.27 per share. And when …

Pandemic darling Peloton’s stocks plunge 18% as it reveals it lost staggering $750M in last quarter Read More »