Peloton shares drop after it announces refinancing to stave off cash crunch

Peloton is in the middle of a broad restructuring as it looks to align the size of its business with its slowing sales and avoid a cash crunch.

Peloton shares drop after it announces refinancing to stave off cash crunch
Peloton is in the middle of a broad restructuring as it looks to align the size of its business with its slowing sales and avoid a cash crunch.