Title: StockWatch: Amazon Eyes Peloton Takeover!
Post by: PocketOption on Feb 07, 2022, 02:51 pm
Post by: PocketOption on Feb 07, 2022, 02:51 pm
StockWatch: Amazon Eyes Peloton Takeover!
Source: StockWatch: Amazon Eyes Peloton Takeover! (https://www.orbex.com/blog/en/2022/02/stockwatch-amazon-eyes-peloton-takeover)
Peloton has drawn interest from potential buyers including e-commerce giant Amazon.
The company has seen its shares slump in recent months, losing more than 80% of its value in the last year.
Also, market capitalization shrunk to about $8bn from a peak of nearly $52bn in early 2021.
Will this lifeline from Amazon come in time for the struggling company?
Timestamps:
- PTON
- AMZN
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Source: StockWatch: Amazon Eyes Peloton Takeover! (https://www.orbex.com/blog/en/2022/02/stockwatch-amazon-eyes-peloton-takeover)