Peloton shares surged 9% on Wednesday, as investors reacted to reports that it plans to release new fitness equipment in 2020
Peloton is working on releasing a series of new products for 2020: a new treadmill, a rowing machine, and apps for both Amazon Fire TV and Apple Watch, according to Bloomberg. New equipment could cheer up Peloton users, who have complained about the company's decision to remove songs by artists like Taylor Swift and Rihanna amid a $300 million copyright infringement lawsuit. The company told Reuters that it was 'always working on ideas' but had no new products to announce.
Peloton is working on releasing a series of new products for 2020: a new treadmill, a rowing machine, and apps for both Amazon Fire TV and Apple Watch, according to Bloomberg. New equipment could cheer up Peloton users, who have complained about the company's decision to remove songs by artists like Taylor Swift and Rihanna amid a $300 million copyright infringement lawsuit. The company told Reuters that it was 'always working on ideas' but had no new products to announce.
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