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Peloton to pause production of bikes, treadmills as demand wanes

by Mike Robinson

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© Reuters. FILE PHOTO. A Peloton logo can be seen following the ringing the opening bell at Nasdaq Market in New York City. This was September 26th, 2019. REUTERS/Shannon Stapleton/File Photo

(Reuters) – Exercise bike manufacturer Peloton Interactive, (NASDAQ:) Inc temporarily suspends production of connected products due to low demand and cost control, CNBC reported Thursday, citing internal documents.

Peloton has not yet responded to Reuters’ request for comment.

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