Peloton Inc., a company which manufactures expensive exercise bikes with technology, has seen its stock fall by over 20% since going public.
Peloton purports to be a tech company with mass market potential, but its products are too expensive for such growth potential as exercise equipment is a highly fungible good.
Peloton is growing massively but faces major questions about how it will become profitable.
Investors should ignore this company for now and wait for it to fall in value.
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