Fitness company Peloton is raising $1 billion in a stock offering, supplementing the company’s cash reserves as it grapples with a sharp slowdown in growth and significant losses in the most recent quarter. Peloton is selling roughly 24 million shares priced at $46 each, a slight discount to where the stock has been trading in the past few days. The news Tuesday morning slightly lifted...
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The Briefing Media/Telecom Markets
Ultrafast Wars Raise Risk of Investor Injury
Wandering around Manhattan has lately become a not-so-fun exercise in dodging the stream of bicycles ridden ferociously by delivery couriers, a population that is growing with the proliferation of ultrafast grocery-delivery services. DoorDash’s announcement on Monday that it is jumping into the ultrafast fray suggests that the danger of severe injury may be about to increase. But it may be...
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