Peloton loses $942M in one day as backlash over ‘sexist’ holiday ad sends stock tumbling nearly 10%

Peloton lost $942million market value in a single day after its holiday advertisement sparked fierce social media backlash.    The exercise equipment company was vilified Monday over the commercial titled ‘The Gift That Gives Back’, which shows a woman receiving a stationary bike from her husband on Christmas morning. She then documents her year-long fitness journey […]