Peloton are the exercise equipment company behind those spensy exercise bikes every celeb has (Lizzo, Venus Williams...even Joe Biden).
Background: Peloton are the exercise equipment company behind those exxy exercise bikes every celeb has (Lizzo, Venus Williams...even Joe Biden).
What happened: During the pandemic, Peloton took off because gyms were forced to close. In fact, their share price rose around 725% between March and December 2020.
What else: But now, shares are tracking 85% lower than their peak. But that's not all...internal docs show Peloton is pausing production of its main stationary bikes and its treadmills, because there just isn't enough demand.
💡The days of companies booming off the pandemic might be behind us. And we're not just talking fitness companies. It's all companies in all industries.
💡COVID-19 saw a tonne of restrictions and lockdowns around the world, and this changed the way we lived and worked. While some businesses suffered (i.e. retail and hospo), others killed it.
💡But now, the pandemic shine has kinda worn off. And Peloton...well, we know that story. But it might mean there's a Peloton discount coming to your hot little hands before you expected it.
Sign up for Flux and join 100,000 members of the Flux family
