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The Independent UK
The Independent UK
National
Graeme Massie

Peloton shares tumble after company halts production on connected fitness products due to falling demand

Peloton CNBC
Peloton

Peloton’s stock price fell by as much as 25 per cent following reports that the company was halting production of its fitness products.

The firm is taking the action as consumer demand for its connected bikes and treadmills slows and it looks to control costs, according to internal documents seen by CNBC.

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