Peloton feels the burn as post-IPO results point to more losses

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Peloton feels the burn as post-IPO results point to more losses GlobeBusiness

The Associated Press

Known for its on-demand workout programs on exercise bikes which allow riders to join virtually with other participants, the company in September was the latest in a run of startups to receive a subdued reception from stock market investors this year. “I believe if we pulled back on growth we could be profitable tomorrow but that is not what the board and the leadership of Peloton believes we should do.”

 

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globebusiness This is just part of the business cycle right?

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