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Peloton to raise Bike+ prices by $500, will reported cut nearly 800 jobs and stock shoots up

·1 min read
Peloton to raise Bike+ prices by $500, will reported cut nearly 800 jobs and stock shoots up

Shares of Peloton Interactive Inc. shot up 9.1% toward a two-month high in afternoon trading Friday, after the at-home fitness company announced price increases for its Bike+ and Tread products. Separately,