Peloton’s profits plunge $757 million, another sign the pandemic bubble has burst.

Peloton, the maker of connected fitness bikes that was one of the hottest companies in the early days of the pandemic, announced this morning that it lost $757 million in the first three months of the year, far more than analysts were expecting. It also burned through roughly the same amount of cash. It was the first earnings report underPeloton’s new chief executive, Barry McCarthy. Since taki...

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