PTON Financials shows no positive income years
Jan 26, 2022 — Peloton Incorporated hasn't had a profitable year since going public in 2019 (and was not profitable in 2018 or 2017).
even though the price got taken up to $170 per share and around $60B market cap
not funny
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it opened at 20 (IPO I thinK), actually opened just under 40 I think and moved up up up all the way to $170 per share before working its way down to $$6.62 per share
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and no profits ever?
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bad business model?
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where did the $60 billion go?
Wasn't watching, wonder if they pumped it on TV and the Internet $iShares Russell 2000 ETF(IWM)$
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