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The Guardian - UK
The Guardian - UK
Business
Dan Milmo and Alfie Packham

Peloton’s fortunes race downhill as fitness fans return to gyms

Peloton stocks
A major Peloton investor said it had ‘grave concerns’ about the company’s performance. Composite: Guardian Design

If Peloton wants to know why the lockdown boom in home exercise was unsustainable, then Ian Rodriguez has a good answer: working out is more fun with other people.

Rodriguez, a 52-year-old teacher from Preston, Lancashire, cancelled his gym membership when the pandemic hit but couldn’t wait to get back. As many others did, he spent money on gym equipment, including a rowing machine and some weights. But then he started missing the gym classes.

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