Forbes

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Last Checked Feb. 2, 2022

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Fri Jan 21 23:48:46 +0000 2022

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Forbes @Forbes

Peloton’s market valuation has taken a massive hit and is back in IPO territory. The company’s current $9 billion market capitalization is down significantly from a peak of $50 billion in January 2021 https://t.co/MNTkK2g5Y6 — PolitiTweet.org

Posted Jan. 21, 2022 Hibernated

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Forbes @Forbes

Peloton went public in September 2019 with a roughly $8 billion valuation. The company didn’t start out as profitable—but surging demand during pandemic lockdowns, starting in April 2020, jumpstarted growth for the company https://t.co/EPl305mHjl — PolitiTweet.org

Posted Jan. 21, 2022 Hibernated

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Forbes @Forbes

While Peloton’s outlook may look gloomy, CEO John Foley remains undeterred: “We are taking significant corrective actions to improve our profitability outlook and optimize our costs across the company,” Foley said in his note Thursday — PolitiTweet.org

Posted Jan. 21, 2022 Hibernated