Daily Archives: May 17, 2022

Peloton Losses Mount as Falling Sales, Excess Inventory Slow Turnaround

Peloton Interactive Inc. reported declining sales and growing losses as the stationary-bike maker struggles with weakening demand as Americans return to their pre-pandemic lifestyles. The connected-fitness equipment maker said it received $750 million in financing from banks to help pay … Continue reading

Posted in General | Leave a comment