Since mid-March, Peloton’s stock has soared 86%, valuing the New York company at $10 billion, or twice as much as the gym chain Planet Fitness. Last month, Peloton reported a record: More than 23,000 people had joined one of its live classes. Analysts pointed to spikes in the number of ratings for fitness classes on Peloton’s system and longer waits for delivery of the bikes, which signal higher-than-expected demand. It now offers 50,000 virtual classes and has waived the commission it normally takes from studios. But by the end of the month, it was streaming live classes again.

Source: bd News24 May 06, 2020 08:37 UTC