Peloton smelling a bit fishy
Posted: May 09, 2024
- Peloton is burning over $200 million per quarter - CEO stepped down and there are layoffs to reduce costs - Rumors of potential private equity buyout surfacing - Speculation that Peloton is trying to push good news to mask financial difficulties - Expectation of future dilution event to raise cash - Poster has taken a small put position on Peloton stock at $2 strike as a result.
Summarized top reddit comments: - PTON stock has been declining since lockdowns ended - Discussion about stock options and potential buyouts - Mention of potential hygiene issues with Peloton equipment - Humorous comments about Peloton commercials and bike seats - Joke about squeezing lemon on the equipment if it smells like fish
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