“Peloton saw $942 million in market value wiped out in a single day…”
December 5, 2019
“Shares of Peloton, the buzzy bike startup, fell more than 9% on Tuesday as backlash to a new holiday ad built on social media.
That erased nearly $942 million from Peloton’s market value in a single day, bringing the company’s market cap to roughly $9.4 billion. It was also the biggest single-day drop for the company since October…”