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“Peloton saw $942 million in market value wiped out in a single day…”

“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…”

https://markets.businessinsider.com/news/stocks/pelotons-stock-price-plummet-wiped-942-million-market-value-holiday-ad-2019-12-1028737428

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