Hedge Funds Dumped Peloton Ahead of Looming Lockup Expiration

Peloton, the last unicorn to go public in 2019, has yet to recover.

Michelle Celarier February 21, 2020

Jeenah Moon/Bloomberg

Fitness provider Peloton Interactive was the last unicorn to go public in 2019, and its debut just as the WeWork scandal was erupting cast a pall from which it has yet to recover.Similar to what WeWork did with its real estate and Tesla has done

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