Peloton Interactive Inc (PTON-RM)

1,127.00
0.00(0.00%)
  • Volume:
    0
  • Bid/Ask:
    1,127.00/3,394.00
  • Day's Range:
    1,127.00 - 1,127.00
Earnings results expected in NaN days

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  • Peloton is laying off nearly 800 employees, McCarthy said in a staff memo that was first reported by Bloomberg. It's part of an effort to "become more efficient, cost-effective, and agile," Peloton said in a statement to CNN Business. The company will also hike prices by $500 for its Bike+ - bringing it back to $2,495, where it was before a price cut in April. And Peloton's Tread treadmill is increasing by $800, making its new price $3,495. "We have to make our revenues stop shrinking and start growing again," McCarthy wrote. "Cash is oxygen. Oxygen is life." Other changes include "significantly reduc[ing]" 86 retail stores in North America, as well as outsourcing delivery - which is currently done by Peloton employees - and customer service to third parties. As people return to gyms, Peloton has been struggling to maintain its electric growth from the early days of the pandemic. Bike and subscription sales have stagnated. The company has too much inventory, and demand is on the de
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    • remind me of KKD at $5.00, a few months of a good turn around attorney goes a long way. Also look at IBM, they sold the Think Pad rights to LNVGF for 6 years I believe and they focused on software support and this was very good for them. PTON has a huge customer base and they will not stop paying g for their subs, thus is why they bought in the first place. Friday was artificially walked down. a dollar to allow the shorts cheap re-entry by Monday.
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      • to the End
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        • yahoo
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        • average down you'll be in good shape, my man!
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      • The end is near.
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        • good bye Peloton! this ***will soon be delisted
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          • PeloDone. Hey at least these bikes can be used for hanging laundry.
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            • $0.01 stock trading at $10
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              • A market capitalization of $2 billion or less would be great. Start buying for $5.00... Sales will increase in the next 4-6 months or the company will be taken over
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                • Why should a luxury exercise bike with an ipad ever have gone public?
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                  • told you all.
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                    • Death rattle.
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                      • I don't think this is bad model people love Peleton but it is not a growth stock in this environment
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                        • This is the new generation's WebVan and Pets.com. Poster child for tech bubble 2.0.
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                          • Soros made a killing with this .
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                            • POS sales continue to decline, company still has a value of 5 billion $ worth $0 when insolvent, company is just way over valued
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                              • Running out of cash...
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                                • shorting is a sure bet until it stops trading.
                                  1
                                  • This 5 y chart is hilarious
                                    0
                                    • nice slide, I told ya
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                                      • 🤣
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                                        • Timmmmberrrrrrr!
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                                          • 9.5 $ first entry .. 7.5$ next one. 5.5$ last one
                                            2
                                            • 🤣😅
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                                            • Actually bought 9.9 $ in pre and sild at 12.5$ not so poor
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                                            • Vlas Daciansure whateve you say
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                                          • this is brutal
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                                            • Around 11/12$ buy
                                              4
                                              • The abyss beckons. Sell while you still can.
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