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Peloton Shares Plunge As CEO Warns Fitness Company Is ‘Thinly Capitalized’

Topline Shares of Peloton cratered nearly 10% on Tuesday after dismal quarterly earnings that showed the at-home fitness company is continuing to lose money at a torrid pace, with recently appointed CEO Barry McCarthy warning that turning the business around will take some time. Once a pandemic stock darling, Peloton […]