#PELOTON: Oh NO! Company stops production because people don't want bikes!

People don't want that PELOTON no' MO!

PELOTON's stock crashed yesterday after the company shared it would not be making new bikes because there's just not enough demand for the bikes and treadmills which made the company a household name!

This coming after amazing sales of the bikes and such over the holiday season... Peloton said they guessed wrong on demand and say the pause in production should last a couple of months.

The news was enough to send the company's stock SOUTH, as the company was expected to have a decent holiday season when it comes to sales, but clearly that did not come to fruition!