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    HomeTechAmazon reportedly interested in buying Peloton

    Amazon reportedly interested in buying Peloton

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    Will Amazon get into the exercise bike business

    Will Amazon get into the train bike enterprise?


    Rick Broida/CNET

    Amazon is certainly one of a number of potential consumers of fitness firm Peloton, in accordance with a Friday report from The Wall Avenue Journal. This comes two weeks after information got here out saying Peloton would possibly cease production and possibly lay off employees

    An Amazon spokesperson stated the corporate would not touch upon rumors. Peloton did not instantly reply to a request for remark. 

    Peloton is without doubt one of the firms that prospered throughout widespread COVID-19 lockdowns as extra folks stayed residence and bought its train bikes. It started having bother final 12 months, when its Tread fitness treadmill needed to be recalled due to injuries. The corporate did carry it back to the market, however according to CNBC in January, Peloton will stop manufacturing of the Tread. Peloton has since denied that assertion.

    That very same report additionally stated Peloton stopped producing its main piece of health tools, the Bike, due to an absence of demand. The corporate has since paused production of the upgraded model of the train bike, Bike Plus.

    Peloton’s stock jumped 26% in after-hours buying and selling following the information of a doable buy by Amazon. The corporate will report its quarterly earnings Feb. 8.

    The data contained on this article is for academic and informational functions solely and isn’t meant as well being or medical recommendation. All the time seek the advice of a doctor or different certified well being supplier relating to any questions you could have a couple of medical situation or well being aims.

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