Over $10 billion wiped from Peloton

Roughly $10.4 billion has been wiped from Peloton’s market cap since last Thursday, amid doubts about the future growth prospects of the connected fitness company. 
Peloton had a market cap of roughly $45 billion to start the year, after its stock soared more than 440% in 2020. Now, its value is around $15.4 billion, and shares are down about 66% year to date.