Riding Off A Cliff?
What to look for when Peloton reports earnings on August 25.
It’s been a trying couple of years for Peloton, the world’s leading interactive fitness platform. From a peak price of nearly $163 a share in December of 2020, Peloton today trades around $13 a share - a roughly 50% discount on its IPO price of ~$25 a share.
So what happened?
The outbreak of COVID-19 and the implementation of lockdowns catalyzed growth t…