Peloton shares plunge after CEO admits company 'thinly capitalized' - New York Post

The exercise-bike company’s shares plunged as much as 20% on Tuesday after it slashed its sales guidance, reported a deeper loss than Wall Street had expected and said it’s low on cash.

Peloton will need to pedal harder to get out of this hole. The exercise-bike companys shares plunged as much as 20% on Tuesday after it slashed its sales guidance, reported a deeper loss than Wall S… [+2240 chars]

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