Peloton Interactive, Inc. (PTON), an interactive fitness platform and exercise equipment company based in the United States, recently announced its plans to sell connected fitness equipment to hotel chains. Peloton is looking beyond the home for its next stage of growth, following a turbulent year that saw the company face a series of lawsuits and government investigations. Those took place in the wake of a voluntary treadmill recall in May, in response to at least 70 injuries and one death involving Peloton treadmills. To maintain its market leadership in this niche industry, the popular fitness platform has been aggressively investing in marketing, partnerships, and acquisitions.
https://www.tipranks.com/news/article/peloton-firing-up-commercial-business-to-secure-growth?utm_source=advfn.com&utm_medium=referral
Peloton Interactive (NASDAQ:PTON)
Historical Stock Chart
From Oct 2021 to Nov 2021 Click Here for more Peloton Interactive Charts.
Peloton Interactive (NASDAQ:PTON)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Peloton Interactive Charts.