More than $10 billion wiped from Peloton's market cap since dismal earnings report

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More than $10 billion wiped from Peloton's market cap since dismal earnings report
Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Peloton shares extended their losses on Monday, on the heels of the company's disappointing fiscal first-quarter financial report.

's market cap since last Thursday, amid doubts about the future growth prospects of the connected fitness company.

Monday's stock move came after a downgrade by Wall Street research firm Argus, which slashed its rating to hold from buy.

 

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