Description: Peloton said Tuesday it plans to sell an additional $1 billion of its Class A common shares, as the connected fitness equipment maker looks for ways to come up with cash amid slowing momentum for its products.
Source: CNBC.com – video report
Date: Nov 16, 2021
Questions for discussion:
- What explains the drop in stock value?
- Why is the current effort to raise funds concerning to investors?
- Is there a marketing solution?
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