Netflix, Peloton and Zoom bring pandemic-stock era to a shuddering halt

The companies enjoyed a surge in users when the world entered lockdown

On the back of a surge in users, Peloton was considering a customer-support centre in Cork.

Peloton shares rebounded on Friday after the company's chief executive John Foley vowed to slash expenses at the struggling fitness company, though he disputed reports it had idled its factories to save money.

Foley said Peloton was “right-sizing our production, and, as we evolve to more seasonal demand curves, we are resetting our production levels for sustainable growth.”