Peloton to pause production of bikes, treadmills as demand wanes


© Reuters. FILE PHOTO: A Peloton logo is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. REUTERS/Shannon Stapleton/File Photo

(Reuters) – Exercise bike maker Peloton Interactive (NASDAQ:) Inc is temporarily pausing productions of its connected fitness products as demand wanes and the company looks to control costs, CNBC reported on Thursday, citing internal documents.

Peloton did not immediately respond to a Reuters request for comment.

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