
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.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.