Peloton Is Hanging On For Dear Life…
发布时间 2022-03-09 20:00:17 来源
摘要
Ever since people were forced to stay at home, one of the companies that benefited the most was home exercise equipment and especially Peloton. Peloton sells high-end treadmills and exercise bikes that are capable of live streaming cycling and running classes to their users. The company was founded at the start of 2012 by a Barnes & Noble executive named John Foley and his friends. Peloton has crushed hurdle after hurdle since then from raising over $1 billion in cash to facing multi-hundred-million-dollar lawsuits. But recently, it looks like Peloton may be facing more than they can handle. They've been forced to recall a few of their most lucrative products, they've been burning hundreds of millions per quarter, they had to lay off thousands of employees, and their founder even stepped down from the role of CEO. The stock market has not been kind to this underwhelming performance causing the stock to crash 87% from its peak. At this point, it looks like Peloton may end up just being another fitness fad. This video explains the explosive rise and fall of Peloton and what happened to Peloton.
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Timestamps:
0:00 - The State Of Peloton
1:04 - Bougie Bike
3:10 - Rise To Glory
5:05 - Rocky Road
7:07 - The Longevity Problem
8:57 - The Collapse
10:31 - Uncertain Future
Thumbnail Credit:
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Resources:
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