TORONTO, Oct 6 (Reuters Breakingviews) - Peloton Interactive (PTON.O) is pedaling as fast as it can.
The maker of connected bikes plans to cut 500 more jobs, or about 12% of its workforce, according to the Wall Street Journal.
And even though McCarthy has steadily trimmed the cash burn, free cash flow was a hefty negative $412 million in the three months to June 30.
Peloton, whose market value has plummeted 90% in a year, is coming precariously close to the end of a wild ride.
(By Sharon Lam)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist.