Peloton (PTON) Sees Big Drop In Web Traffic

Peloton (PTON) has a viable business on a forward basis, but is struggling, notes George Tsilis. He joins Alex Coffey and Jenny Horne to discuss PTON. He talks about how the company's financials are struggling and SimilarWeb data shows that PTON web traffic decelerated to -27% year-over-year in 3Q. Morgan Stanley mentions that they see a "slight upside" to PTON's management's net add guidance. The note also highlights that the material beat that bulls were initially hoping for is unlikely. Tune in to find out more about the stock market today.