Peloton's $1 Billion Share Sale Reverses Stock Selloff

The company has reduced its revenue forecasts and returned to the market with a secondary offering. Peloton raised $1.1 billion through a share sale, which boosted its stock price. Despite financial challenges, including a significant cash burn, Peloton's CFO previously stated no need for additional capital. However, changes in the past weeks led to the share sale. Subscriber growth has slowed, and revenue is declining, reflecting a shift away from stay-at-home trends.

What was the amount Peloton aimed to raise by selling shares?

What was the percentage drop in shares after Peloton's projections were released?

How much cash did Peloton go through in their fiscal first quarter?

What did the Chief Financial Officer say about the need for additional capital?

What trend was observed in Peloton's subscriber growth?