Peloton uses technology and design to connect the world through fitness, empowering people to be the best version of themselves.
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.
Fitness classes and subscriptions
Yesterday, Peloton stock closed at $54.88 per share, which marked its new all-time highest closing price. In the early trading today, PTON shares were 3.5% up. The opening price today totaled $55.98, at the moment of writing, it makes up $54.83.
The year-to-date growth of Teladoc stock has totaled 129.41%. Yesterday, it rose by 1.94% and closed at $192.06. In the pre-market, TDOC stock slightly declined to $191.00. Its market cap is $14.3 billion.
A startup called NEOU, which tries to build its reputation as Netflix of fitness, has managed to raise $5M from capital investors. It now has over 50,000 clients in more than 60 countries across the globe.