Amazon reportedly circling exercise bike maker Peloton as company flounders

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Peloton has struggled in recent months with lockdown over, negative press and cheaper models coming to the market

The company has lost roughly $20bn in value since November, when it hinted that demand for its exercise bikes and treadmills was slowing faster than expected. The company’s market value is down to about $8bn from its high of $50bn last year.

 

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