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Peloton launches total revamp of its products as it tries to recover from problems
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The Independent
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Read our Privacy noticePeloton has launched a total revamp of its offering, including new hardware and AI tools, as it attempts to turn around from its dramatic problems.
Its online spin classes and internet-enabled bikes became hugely popular and its share price rocketed amid an interest in home fitness.
But at the end of 2021, its share price crashed as the world opened back up.
Peloton’s share price is now down 92 per cent over the last five years, and is even 68 per cent down from its price when it went public towards the end of 2019.