Big Tech Looks To Buy Beaten Down Innovation-Fueled Entrants

The recent rate-fueled valuation crush among next-gen tech has created some ripe acquisition opportunities for cash-rich mega-cap tech. After rapidly deteriorating investor sentiment, Peloton PTON is the latest acquisition target, with poor management decisions dragging its market value -80% below the highs it reached a year prior. – Zacks Now, below $10 billion in market…