Amazon named as potential Peloton purchaser in a suspiciously well-timed rumor

Peloton Tread
Picture: Peloton

Peloton’s no-good-very-bad downfall from its pandemic peak — dropping over $20 billion in worth since November and turning into a harmful subplot in prime time TV — has attracted hypothesis that the related health firm is a goal to be acquired, however by whom? A Friday night report from the Wall Road Journal tosses out Amazon as one of many “potential suitors” which may be contemplating a deal — simply as markets closed for the weekend and just a few days earlier than Peloton points its Q2 2022 earnings report on February eighth. Simply the suggestion triggered a spike in Peloton’s inventory worth, sending it up 20–30 p.c in after-hours buying and selling.

Peloton’s yo-yoing fortunes over the past two years have been effectively documented, however mix the…

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