Friday, September 24

Peloton Is Making Moves Into Corporate Wellness

When a company has multiple ways to make money, investors often say that the company has optionality. Peloton (NASDAQ:PTON) the workout-at-home company, has recently announced its getting into corporate wellness. This could potentially turn into a massive growth opportunity for the brand. On a MotleyFool Live episode recorded on June 30, Fool contributors Brian Feroldi and Brian Stoffel talk about the early results from the initiative.

Brian Stoffel: I’m going to move on to a much smaller company, which is Peloton. Peloton’s an interesting company because it’s one that when it went public, I thought it was one of the most ridiculous things in the world. Like $2500 for a machine and that’s it. But the more I learned about it, the more I realized that there’s a lot happening here at this company to like.

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