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The content originally appeared on: CNN New York (CNN Business)Few companies flourished more amid the pandemic's economic upheaval than Peloton. With people unable (or unwilling) to go to the gym, consumers rushed to buy its exercise equipment and, more importantly, sign up for its online classes. Peloton posted its first quarterly profits in calendar year 2020 as revenue jumped 139% and the stock soared 434%. The boost was short-lived. As gyms reopened and class subscriptions and equipment sales plunged, so […]
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