Connected Fitness

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The growth that was seen during the worst time of covid had some investors convinced that, oh, my god, this company can really grow at these crazy rates. Investors have very much lost faith in that thesis. Patrick mc gee is our san francisco correspondent. He also wrote a killer article about connected fitness in the f t week end. We'll have a link to it in our show notes.

Stocks on Wall Street ended higher on Monday after investors took advantage of a severe drop early in the session, Peloton has come under attack from an activist investor, and the United Arab Emirates said it intercepted two missiles launched by the Iran-allied Houthi rebels in Yemen.

Mentioned in this podcast:

US stocks reverse severe losses as buyers step in

UAE intercepts ballistic missiles fired by Houthis over Abu Dhabi

Activist investor urges Peloton to fire chief and explore sale

How connected fitness became the new obsession

Robert Armstrong’s “Unhedged” newsletter

The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

Read a transcript of this episode on FT.com

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