The rise and fall of Peloton, from pandemic-era success story to its stock hitting a record low

• Peloton was a Wall Street darling during the pandemic, with a market cap of around $50 billion.
• Now, its CEO is out after two years, it announced more layoffs, and its stock hit a record low.
• Here is the history of Peloton's impressive rise and fall in recent years.

At the height of the pandemic, Peloton was on top of the world.

Its stock pushed $171 per share and its market cap hovered around $50 billion.

On Thursday, the company announced its CEO was out and its stock was trading below $3 — a record low.