Peloton Falls Short As It Continues To Work on Rebranding and Expanding

Last Wednesday, Peloton Interactive Inc (NASDAQ: PTON) posted a wider-than-expected loss and quarterly drop in subscribers greatly due to Bike recall that costed the fitness company more. Shares plunged 22% in response. CEO Barry McCarthy, who is also a former Netflix Inc (NASDAQ: NFLX) and Spotify Technology S.A. (NYSE: SPOT) executive, continues to focus on getting the company back on a path to growth as it previously warned in May the fourth quarter is expected to be among its most challengin