Gym chains are back in favor on Wall Street for the same reason Peloton is on the outs: Americans are tired of working out at home
Gym operators including Planet Fitness have attracted hundreds of millions of dollars from private fund managers in recent months
Peloton has been on a wild ride, announcing its CEO was stepping down and thousands of jobs would be cut, despite seeing a surge in sales early in the pandemic. Here’s why Peloton became a viral success, and why it is spinning out now. Photo illustration: Jacob ReynoldsGym chains are back in favor on Wall Street for the same reason Peloton Interactive Inc . isBudget operator Planet Fitness Inc .
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