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

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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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