{"id":6829,"date":"2022-08-26T08:39:30","date_gmt":"2022-08-26T06:39:30","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/08\/26\/peloton-shares-plummet-after-quarterly-losses-top-1-2bn\/"},"modified":"2022-08-26T08:39:30","modified_gmt":"2022-08-26T06:39:30","slug":"peloton-shares-plummet-after-quarterly-losses-top-1-2bn","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/08\/26\/peloton-shares-plummet-after-quarterly-losses-top-1-2bn\/","title":{"rendered":"Peloton shares plummet after quarterly losses top $1.2bn"},"content":{"rendered":"

Investors see \u2018existential threats\u2019 to fitness company that saw popularity during early months of Covid pandemic<\/p>\n

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\u2019s efforts to revive sagging sales of its fitness equipment.<\/p>\n

The news sparked another selloff for the company\u2019s shares as one analyst foresaw mounting \u201cexistential\u201d threats to the company\u2019s survival. Shares tumbled more than 19% to $10.88 in morning trade, adding to an 88% drop over the year.<\/p>\n

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\nInvestors see \u2018existential threats\u2019 to fitness company that saw popularity during early months of Covid pandemic
\nPeloton 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\u2019s efforts to revive sagging sales of its fitness equipment.
\nThe news sparked another selloff for the company\u2019s shares as one analyst foresaw mounting \u201cexistential\u201d threats to the company\u2019s survival. Shares tumbled more than 19% to $10.88 in morning trade, adding to an 88% drop over the year. Continue reading…Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"

Investors see \u2018existential threats\u2019 to fitness company that saw popularity during early months of Covid pandemic 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\u2019s efforts to revive sagging sales of its fitness equipment. The news sparked another selloff …<\/p>\n

Peloton shares plummet after quarterly losses top $1.2bn<\/span> Read More »<\/a><\/p>\n","protected":false},"author":0,"featured_media":6830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6829"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=6829"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6829\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/6830"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=6829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=6829"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=6829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}