Peloton’s stock surges 33% in premarket as investors weigh takeover prospect

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Peloton Interactive Inc.

Peloton Interactive, Inc. operates at-home fitness platform for live and on-demand indoor cycling classes. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members. It operates through three reportable segments: Connected Fitness Products and Subscription. The Connected Fitness Product segment consists of sales of bike, tread & related accessories. The Subscription segment involves in the monthly subscription and credits from live studio classes. The Peloton Interactive was founded on by John Foley, Graham Stanton, Thomas Cortese, Yony Feng and Hisao Kushi in 2012 and is headquartered in New York, NY.

This article was originally published by Marketwatch.com. Read the original article here.

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