Should Nike buy Peloton…?
More than one company is reportedly interested in buying Peloton. Is Peloton actually for sale? That’s not yet clear. But this much is: Peloton’s stock is down more than 80% over the last year, it has run into a series of problems with its products and it seems to be a company in disarray. It was a $50 billion company a couple of years ago, and its market cap has dropped to about $7.5 billion. And that’s after a big jump that came from the acquisition rumors.
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