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Peloton Suspends Production

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With demand no longer on an incline, Peloton plans to stop making its bike and treadmill equipment for a while. The company overestimated its market, CNBC reports, and now has…
(Newser) – With demand no longer on an incline, Peloton plans to stop making its bike and treadmill equipment for a while. The company overestimated its market, CNBC reports, and now has thousands of unsold treadmills and cycles on its hands—on cargo ships or in warehouses.

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