tiprankstipranks
Peloton hit with U.S. import ban over streaming technology, Reuters reports
The Fly

Peloton hit with U.S. import ban over streaming technology, Reuters reports

Earlier this week, Peloton was hit by a U.S. import ban by the ITC after a judge found that it infringed Dish (DISH) patents, Reuters’ Blake Brittain reports. Dish and its Sling TV unit in 2021 had accused Peloton and iFit of infringing four patents for video-streaming technology through imports of products that stream at-home fitness content, including Peloton bicycles and treadmills and iFit NordicTrack bicycles and ellipticals. President Joe Biden’s administration has 60 days to review the import ban before it takes effect, the report notes. Reference Link

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on PTON:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles