Why Peloton Is Pedaling Uphill
The coronavirus pandemic has millions of us holed up at home with little physical contact to the outside world. Companies like Peloton Interactive Inc. (NASDAQ: PTON), which manufactures home fitness equipment and produces video workout classes, would seem poised to take advantage of the new normal and be great investment opportunities, right? Not so fast.
Peloton Interactive, Inc.
Peloton announced April 6 that it would suspend live production of fitness classes after an employee in its New York production studio tested positive for COVID-19, the disease caused by the novel coronavirus that is sweeping the globe. The company made the announcement on its Peloton members-only Facebook page late April 3, but did not release an official press statement.
Source Fool.com
