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Hoppi
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DEVELOPING: Peloton Hardware Gamble FAILING! Stock Plummets.

PELOTON STOCK PLUMMETS! Shares nosedive roughly 20% this morning.

New hardware gamble fails to resonate with existing subscribers. CEO Peter Stern acknowledged weak holiday sales.

Last fall, Peloton refreshed its entire hardware lineup. Swivel screens and AI features aimed to boost sales.

CFO Liz Coddington is also leaving the company. Future earnings calls are expected to address the situation.

This is a developing story.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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