Covid fitness stock Peloton’s investors feel the burn as it rips through money

Irish Times | May 13, 2022 at 5:47 PM
  • At the height of the pandemic, as Wall Street banks scrambled to ease burnout among their overworked junior employees, some rolled out a gift that came to symbolise the era: Peloton bikes.
  • When Covid-induced shutdowns pushed up sales of bikes, treadmills and online fitness subscriptions.
  • The company’s market value rose more than 700 per cent in the space of nine months from March 2020 to $49 billion (€47 billion), propelling Foley, its chief executive, on to Forbes Billionaires list in April, 2021 with a net worth of $1.5 billion (€1.4 billion).