Why Peloton and TaskUs Led the Nasdaq Lower Again Thursday

Dan Caplinger, The Motley Fool

January 20, 2022 at 8:30 p.m.·3 min read

Why Peloton and TaskUs Led the Nasdaq Lower Again Thursday

There were plenty of big decliners on the Nasdaq on Thursday, but two of the worst were Peloton Interactive (NASDAQ: PTON) and TaskUs (NASDAQ: TASK). Peloton shares were down 24% on Thursday, bringing the total drop in the interactive fitness-equipment specialist's stock to more than 85% since late 2020 and early 2021. After all the setbacks that Peloton has suffered, today's seemed to introduce the most uncertainty about what the future will bring for the company.

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