PTON) will soon have something in common with new car dealerships.
Certified pre-owned products for sale.
existing members who trade it in for a new $2,495 Bike+.
The company revealed earlier this week that it is offering a $700 credit towards the new bike for existing Peloton members. And it said the price of the existing Peloton bike will be reduced to $1,895 from $2,245.
the company reported earnings that beat Wall Street expectations as consumers stuck at home from the coronavirus pandemic worked out inside.
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