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Company which rode the at-home exercise boom during Covid has suffered as many of its users returned to gyms
Shares in Peloton tumbled by almost a quarter on Thursday after the embattled fitness group cut back its sales forecast amid lackluster demand for its high-end equipment.
The company, which rode the at-home exercise boom at the height of the Covid-19 pandemic, has suffered as many of its users headed back to gyms across the world.
Reuters contributed reporting
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