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Peloton is hiking the monthly fee for its on-demand fitness content for the first time ever, while it also slashes the prices of its Bike, Bike+ and Tread machines.
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Peloton Interactive was founded in January 2012. [5] "Peloton" is a cycling term, meaning a large group of riders bunched together. [6] The company raised $400,000 in seed money in February 2012 and another $3.5 million in December 2012. [7] Peloton sold its first bike on Kickstarter in 2013 with an early bird price tag of $1,500. [8]
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