bearish
Will This De-SPAC Be The Next Peloton?
SUMMARY
- Pandemic darling Peloton saw a meteoric rise and fall over the past two years.
- The company initially benefited from soaring demand, but overestimated demand and eventually leading to a fire sale and massive layoffs.
- German sports e-commerce retailer Signa Sports United, which went public through a SPAC deal last year, could face a similar fate in the coming months.
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