{"id":80506,"date":"2022-01-21T00:30:28","date_gmt":"2022-01-21T05:30:28","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=80506"},"modified":"2022-01-21T00:22:22","modified_gmt":"2022-01-21T05:22:22","slug":"2-5-billion-wiped-from-pelotons-market-value-as-shares-tumble-below-ipo-price","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2022\/2-5-billion-wiped-from-pelotons-market-value-as-shares-tumble-below-ipo-price.html","title":{"rendered":"$2.5 billion wiped from Peloton\u2019s market value as shares tumble below IPO price"},"content":{"rendered":"\n<p>(CNBC) Shares of <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/quotes\/PTON\" target=\"_blank\">Peloton<\/a> closed down 23.9% at $24.22 on Thursday, wiping roughly $2.5 billion off of its market value. The sharp drop brought the stock beneath the $29 mark where it first priced at in September of 2019, and marked another notable milestone in the company\u2019s turbulent ride in recent months.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/01\/20\/pelotons-market-value-drops-by-2point5-billion-as-shares-close-below-ipo-price.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Shares of Peloton closed down 23.9% at $24.22 on Thursday, wiping roughly $2.5 billion off of its market value. The sharp drop brought the stock beneath the $29 mark where it first priced at in September of 2019, and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80506","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=80506"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80506\/revisions"}],"predecessor-version":[{"id":80507,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/80506\/revisions\/80507"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=80506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=80506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=80506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}