The once-hot company reported a dismal quarterly financial report Tuesday, with sales tumbling 15% from a year ago. Peloton lost $757 million last quarter. Platoon (PTON) said it had just $879 million in cash in the bank at the end of the quarter, which has left it “thinly capitalized,” CEO Barry McCarthy said. That forced […]
![A brief look back at Peloton's bumpy ride](https://jahanagahi.com/wp-content/uploads/2022/05/Peloton-is-burning-through-cash-and-borrowing-like-crazy-to.jpg)