A worker at Peloton Interactive, Inc., the popular exercise equipment company currently experiencing financial difficulties,...
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Accounting
A worker at Peloton Interactive, Inc., the popular exercise equipment company currently experiencing financial difficulties, is puzzled about the state of her company. She states, " Our company has $1.1 billion in cash and a free cash flow (FCF) position of -$492 million at the end of June 2021. Why is the stock price tumbling so quickly and the CEO stepping down from his position?
Help the worker understand why the stock price is tumbling and the CEO is stepping down?
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You can see the logs in the Dashboard.