Peloton shares plunge by 20% as losses rise and targets are missed

Peloton bike
Peloton's shares have taken another hit and plunged by 20% as Q1 results reveal that losses have continued to rise as targets are missed.
// Peloton’s shares have plunged by 20% as Q1 results reveal that it missed revenue targets
// The tech fitness company’s market value has fallen by more than 80% over the last year

Peloton’s shares have taken another hit and plunged by 20% as Q1 results reveal that it missed revenue targets, cut sales guidance and reported a bigger quarterly loss than anticipated.

The tech fitness company‘s market value has fallen by more than 80% over the last year as the popularity it enjoyed during the pandemic has tailed off.

Read the full story at Charged Retail

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