$100 million to be spent by Peloton to address delivery delays

Over the past year, people being forced into their homes due to the pandemic has led to an increase in popularity for Peloton as people had to begin exercising from their homes. But, there have been delays in delivery due to the sudden increase in demand. The issue is set to be addressed by the company with Peloton set to spend $100 million to move its machines via air and ocean freight.