People Think Peloton Makes Money Selling Exercise Equipment, But 70% of Its Revenue Comes From Something Else Entirely
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Peloton (NASDAQ: PTON) is widely recognized for its exercise bikes, which were a huge hit during the pandemic lockdowns, when stuck-at-home people were searching for ways to work out. The demand surge has since faded, and shares have cratered, down 97% from their record high (as
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