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has reached such a pitch that $1.5bn has been wiped off its value. On Tuesday its shares fell 9%, and by lunchtime on Wednesday the shares were down another 6%.
It's actually been updated. My point was though, 2 million people watching a video is enough to wipe nearly $2bn off the valuation. That is clearly bonkers.
frankenbike
@Lolo
There's a thread on Twitter that parodied Peloton's ridiculous marketing. To me the video was more of the same, asking to be derided of course, but I did not see the sexism in it.
@frankenbike if the X amount of shares lose Y amount off their value then X x Y total value has been wiped out. I think. I'm not a capitalist.