Thndr Claps » U.S. Claps » Nasdaq 🔔 » Peloton grows bike rental program 🚲
The ClapPeloton (NASDAQ: PTON) is set to expand its bike rental program nationwide.The DeetsThe company began testing in Texas, Minnesota, Florida, and Colorado. The company is pricing its subscription at $89 per month, with an additional $150 one-time setup fee.StrategyThe expansion plan comes as part of new CEO Barry McCarthy’s strategy. McCarthy is looking to turn the company into a more subscriber-centric entity. Why this MattersThe company is aiming to increase bike accessibility and grow its subscriber base.
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