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Peloton may have bigger problems than the PR disaster from its controversial ad that became a meme. Short-seller Citron Research said Tuesday it expects the stock to plunge nearly 85% to just $5 a share. Shares of Peloton plunged nearly 6% Tuesday to about $32. But that's still above the company's initial public offering price of $29 from September. CNN reports Citron said in its report that Peloton is reminiscent of GoPro and Fitbit.

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  • Uploaded    12/10/2019
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