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> With gyms re-opening as vaccine rates increased, Peloton's business took a huge hit: The company's market value has dropped from $50 billion last year to $9.8
by travisporter 5y ago
> With gyms re-opening as vaccine rates increased, Peloton's business took a huge hit: The company's market value has dropped from $50 billion last year to $9.8 billion as of early February 2022.
Did people not think that once covid is on the downswing people will exercise in gyms or go outdoors more? If we have such smart people going into finance why does this happen?
- dcchambers 5y agoPeople are obsessed with short term gains. I reckon most people knew the stock was overvalued in the long term and simply wanted to get in and sell at a profit before it inevitably settled in to a proper value.