Peloton is an American exercise equipment and media company that was founded in 2012 and launched with help from a Kickstarter funding campaign in 2013. The company is based in New York, New York. Its main product is a stationary bicycle that allows users to remotely participate in spinning classes that are streamed from the company’s fitness studio and are paid for through a monthly subscription service.
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Peloton Interactive, Inc. Details
Operating Status:Active
Business TypePublic
HeadquartersNew York City, New York, United States
Founded Date Feb 1st, 2012
Organization CEO John Foley
FoundersGraham Stanton, Hisao Kushi, John Foley, Tom Cortese, Yony Feng
Even with a new CEO, Peloton now anticipates seeing 3 million connected fitness subscribers, down from an earlier projection of the range from 3.35 million to 3.45 million.
After enjoying increases during the lockdown, Peloton is now plummeting. Unlike the lockdown period, there is now a sharp decline in the demand for the company’s products.
