Peloton stock derails on report that user growth has hits the brakes

Peloton Interactive Inc.'s chief executive said on Thursday the company was reviewing the size of its workforce and "resetting" production levels, following a report earlier in the day that it was temporarily halting production of connected...

Peloton stock derails on report that user growth has hits the brakes

Peloton Interactive Inc.'s chief executive said on Thursday the company was reviewing the size of its workforce and "resetting" production levels, following a report earlier in the day that it was temporarily halting production of connected fitness bikes and treadmills after a significant drop in demand.