The Peloton Company Stopped Making Exercise Equipment
Peloton is a well-known American exercise equipment manufacturer. This company was founded in 2012. Its Headquarter is in New York. The company went bankrupt due to the corona virus and thehome bikes they made did not sell, so they reduced their price by less than half. As a result, the company will run into more losses. As a result, the company’s founder and current CEO, John Foley, has decided that his company will no longer be domestic bikes. Now Piloton has decided that they are contracting with Rexon to supply his company and will buy the rest of his equipment from this company. The company is running at a loss. If it continues like this, there will be a risk of losing the jobs of 8650 people working in the company and the company will go bankrupt.