Explained: Peloton Circles The Drain

Peloton, the struggling maker of overpriced exercise equipment for the mistresses of Hedge Fund managers, is leaking rumors that Nike or Amazon want to buy it to prop up the stock long enough to get sold.

1. https://www.reuters.com/business/peloton-draws-interest-potential-suitors-including-amazon-wsj-2022-02-04/

2. https://www.theverge.com/2022/2/8/22923480/peloton-severance-package-membership-layoffs

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