Last week the stock hit a two year low. It's down 80 % since pandamic peaks, when people were exercising from home at a higher rate. The company does have a dual class share structure, which usually prevents activists from targeting those kind of companies.
Bloomberg Markets Correspondent Kriti Gupta and Bloomberg News Cross Asset Reporter Katie Greifeld break down the day's market drivers. Dr. Sandro Galea, Dean of Boston University School of Public Health, discusses a possible peak in the omicron outbreak. Bloomberg Businessweek Editor Joel Weber and Bloomberg Quicktake Correspondent Alex Webb talk about Alex's Businessweek Magazine story Venture Investors’ $1.4 Billion Bet on News Faces Reality Check. Bloomberg News Shareholder Activism Reporter Scott Deveau on reports on Peloton investor Blackwells seeking a sale of the fitness company and ouster of its CEO. And we Drive to the Close with Hank Smith, CIO at Haverford Trust.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.