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Benzinga
Benzinga
Business
Adam Eckert

Why Peloton Shares Are Plummeting Today

Peloton CNBC Nasdaq

Peloton Interactive Inc (NASDAQ:PTON) is trading lower Thursday following a CNBC report suggesting the company is temporarily halting production of its connected fitness products as a result of waning consumer demand. 

CNBC attributes the information to "internal documents obtained by CNBC." The move comes as Peloton reportedly looks to control its costs.

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