Peloton Interactive Inc (NASDAQ:PTON) has gotten a bad rap since COVID, facing issues like high expenses, product recalls, and smaller-than-expected growth. However, not everyone is bearish on the company.
At the 2024 Robin Hood Investors Conference, David Einhorn of Greenlight Capital shared his thesis for Peloton. It's the largest interactive fitness platform globally. Einhorn noted that the company was a huge beneficiary during COVID shortly after its initial public offering.
Peloton
In a sideline interview by Bloomberg at the Robinhood conference, Einhorn said there's "a lot to like" about Peloton. He noted that the company has a large customer base that pays $44 a month and is very engaged. Einhorn also...
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