Peloton prepares to go public while facing a music lawsuit
Peloton prepares to go public while facing a music lawsuit
Despite the bumpy rides experienced by other recent tech IPOs, such as Uber and Lyft this year, the exercise company Peloton plans to go public on Thursday, at a price that suggests it’s worth up to $8 billion. But Peloton faces a challenge: It doesn’t just sell exercise equipment, it creates content, which relies on music the company doesn’t own. And since March, Peloton has been embroiled in a lawsuit with music publishers over its use of more than 2,000 tracks.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
