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Benzinga
Benzinga
Business
Adam Eckert

Why Peloton's Production Halt Could Cause Repercussions For Affirm

Peloton Affirm Nasdaq CNBC

Shares of connected fitness company Peloton Interactive Inc (NASDAQ:PTON) fell sharply lower Thursday after a CNBC report, citing internal documents, revealed the company is temporarily halting production of some of its products as a result of waning consumer demand.

What To Know: Peloton reportedly plans to pause production of the Peloton Bike for two months beginning in February. The company previously halted production of its more expensive Bike+ product in December.

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