Shares of Peloton Interactive plummeted over 25%, marking the steepest decline since 2021. The drop followed a disappointing revenue forecast for the fiscal third quarter, sending shivers through investors hoping for a turnaround. This stems from a recent hardware revamp meant to revitalize sales.
The company also announced its CFO, Liz Coddington, will be leaving.
Source: Yahoo Tech · Summarized by HeadlinesBriefing