Amazon named as possible Peloton buyer in a suspiciously well-timed rumor
Image: Peloton Peloton's no-good-very-bad downfall from its pandemic peak - losing over $20 billion in value since November and becoming a dangerous subplot in prime time TV - has attracted speculation that the connected fitness company is a target to be acquired, but by whom? A Friday evening report from the Wall Street Journal tosses out Amazon as one of the potential suitors" that may be considering a deal - just as markets closed for the weekend and only a few days before Peloton issues its Q2 2022 earnings report on February 8th. Just the suggestion caused a spike in Peloton's stock price, sending it up 20-30 percent in after-hours trading.
Peloton's yo-yoing fortunes over the last two years have been well documented, but combine the...