Peloton Shares Plunge After Revenue Outlook Misses Forecast

The transcript discusses a company's financial challenges, including a revenue forecast below expectations and price cuts on its products. It highlights production and supply chain issues, as well as material weaknesses in financial reporting. The discussion also covers consumer behavior, pricing strategies, and the impact of the pandemic on the company's performance. Key questions are raised about the company's oversight and future strategy.

What was the percentage by which Peloton's revenue forecast fell below expectations?

• 10%

• 20%

• 30%

• 40%

What is one of the main challenges Peloton faces in its production?

• Lack of demand

• Supply chain issues

• Excessive inventory

• High production costs

Which product recall is mentioned as affecting Peloton's growth?

• Smartwatch

• High-end treadmill

• Lower-end tread

• Bike Plus

What is a key question regarding Peloton's leadership?

• Their customer service

• Their product design

• Their oversight and due diligence

• Their marketing strategy

What strategic move did Peloton make regarding the price of their fitness bike?

• Decreased the price to $1495

• Increased the price by $400

• Bundled it with other products

• Introduced a subscription model