Peloton recorded losses of more than $1.2bn in the past three months, the company announced on Thursday, frustrating investors looking for progress in the company’s efforts to revive sagging sales of its fitness equipment. The news sparked another selloff for the company’s shares as one analyst foresaw mounting “existential” threats to the company’s survival. Shares tumbled more than 19% to $10...
Peloton shares plummet after quarterly losses top $1.2bn
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