Peloton Changes Course and Increases Prices

·3 min read
Peloton Changes Course and Increases Prices

Peloton (NASDAQ: PTON) stock is in a world of hurt in recent months. The interactive exercise equipment maker initially cut the price of one of its popular products by $400 and is now reversing course and increasing prices. Only a couple of quarters ago, Peloton announced it would be reducing the price of its Bikes by $400.

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