Peloton Downsizes Its Workforce and Changes Its CEO
In 2020, at the start of the pandemic Peloton saw increased demand and its stock skyrocketed almost 434%. However, Peloton’s shares started falling in 2021.
Peloton sales surge 172%, next year projections are $3.5 billion in sales
Peloton is reaping benefits of the lockdown with more people buying and investing in sportswear and equipment, the company also raked in goodwill with the $350 drop in its bike
