There were few businesses better equipped for pandemic lockdowns than Chelsea-based Peloton.
Homebound Americans flocked to the company’s internet-connected bikes and Peloton’s share price ended 2020 400% higher than the start of the year. The company became one of the brightest lights in the city’s technology scene, boosting its headcount to nearly 6,000 employees.
But 2021 has been an uphill pedal. The company’s share price is down about 16% from Jan. 1, despite a 15% gain for the S&P 500.
Peloton was bruised by a recall in May for its treadmill products during that time. But it is also working to answer a question hanging over the many technology
→ Continue reading at Crain's New York Business