VIDEO: Peloton soared 21% on takeover interest from Nike and Amazon
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The US markets started the week mixed as shares in big tech companies pulled the markets lower. Peloton soared 21% on Monday following reports that the smart fitness equipment company is drawing interest from Nike and Amazon for a potential takeover. Peloton is yet to kick off any formal sales process according to reports. A spotlight on Spirit Airlines as the US based low-cost airline jumped 17% on Monday after announcing it is merging with fellow US-based low-cost airline, Frontier Group in a deal worth 6.6 billion US dollars. The merger will create the fifth-largest airline in the US. The popular word-a-day guessing game Wordle has been turned into a retro Gameboy game for the 1989-era handheld device by security researcher Stacksmaching.