Peloton (NASDAQ:PTON) Stock Jumps on Amazon Distribution Partnership
The Amazon-Peloton partnership is a win for Americans looking to get into shape during these tough times
A few years ago, it would have been impossible to find high end exercise equipment like bikes on an online shopping site
With this new deal in place we can order all our necessary gym gear from amazon without having any trouble
Peloton Interactive (PTON) stock gained after the company partnered with Amazon to broaden their distribution channel
as a result P Boutique products will now be available for purchase on amazon U.S stores!
The company has shed nearly 60% of its market value this year
and it seems like a result from investors' responses to the recent pandemic highs in revenue
where they think there'll be less opportunities available for them because companies have already reached
their maximum potential with how many subscriptions can sell per day or month etc