Why Peloton and TaskUs Led the Nasdaq Lower Again Thursday
There were plenty of big decliners on the Nasdaq on Thursday, but two of the worst were Peloton Interactive (NASDAQ: PTON) and TaskUs (NASDAQ: TASK). Peloton shares were down 24% on Thursday, bringing the total drop in the interactive fitness-equipment specialist's stock to more than 85% since late 2020 and early 2021. After all the setbacks that Peloton has suffered, today's seemed to introduce the most uncertainty about what the future will bring for the company.