With a widespread shift to at-home workout routines as people shelter in place, Peloton ($PTON), maker of AI exercise machines for the homes of rich people who likely have the option to work remotely or not at all, has been getting more attention.
Peloton said it held its largest class in the company’s history last week, with over 23,000 people streaming. Shares of Peloton finished last Friday up more than 6%. Its stock is up more than 16% since the beginning of 2020, as Coronavirus continues to spread and alter our lives.
We started seeing more engagement last month as gyms closed and more people started settling into quarantine. The company saw its best reviews ever during March. Also, Peloton's Facebook mentions surged at 97,400, up 349% from early March.
Now, its ratings count in the Apple App Store have risen 47% over the past month.
Earlier this month, Peloton announced that it would “pause live production” after an employee tested positive for Coronavirus. The company is now setting instructors up to stream classes live from their homes. Assuming things go as planned, Peloton will win all quarantine long.
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