The value of exercise bike company Peloton has dropped by almost $1.5 billion after its Christmas advert was criticised for being sexist and offensive.
The ad shows a woman receiving an exercise bike from her partner on Christmas morning, implying that she needs to lose weight. After its release, Peloton's shares fell 9% on Tuesday, and a further 6% on Wednesday.
Ian Guider, markets editor of The Business Post, discussed this story in our daily business round-up, as well as the following others:
- Urban sprawl is continuing as house buyers are being forced out of Dublin
- Pound hits highest level in 19 months on bets Boris Johnson will romp home
Listen to the interview in full by pressing the play button on this page.
