Peloton pushes back at production pause report after shares plunge

Peloton has pushed back at a report that it plans to temporarily stop production of its exercise machines.

The company’s shares plunged by more than 20% after the CNBC report, which cited internal documents.

In a blog, the firm’s chief executive said the information was “incomplete, out of context, and not reflective of Peloton’s strategy”.

–BBC

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