It's been a rough few weeks for Peloton. And to round it off, another TV show character experienced a heart attack on the interactive bike.
And to round it off, another TV show character experienced a heart attack on the interactive bike — this time it's Mike Wagner on the season 6 premiere of Showtime's"Billions."Last month, Peloton saw an 11% stock drop immediately after the fictitious Mr. Big of"Sex and the City" fame died after riding a Peloton on the show's HBO Max streaming reboot. WarnerMedia division.
Peloton's share price plunged more than 75% in 2021, and the company hasn't fared much better so far this year. The stock is down nearly 25% and trading at its lowest level in nearly two years.People are breaking up with their PelotonsCNBC reported Thursday that Peloton was considering pausing production of its low-end bike for two months, but CEO John Foley categorized"rumors that we are halting all production of bikes and Treads" as"false.
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