From the Editor's Desk

Should Peloton Bring Back Founder John Foley?

Peloton's latest CEO is pedaling off into the sunset. On Thursday, the New York City-based exercise bike company said it would lay off 400 workers, and that CEO Barry McCarthy was stepping down, a little over two years after he took over the top spot from co-founder and CEO John Foley.

Peloton rolled out its first bike in 2014, which sold for about $2,000. By the time the company listed on Nasdaq in September 2019, the bikes were a hit, instructors were minor celebrities, and subscriptions for on-demand classes provided a steady source of recurring revenue.


Continued here

TradeBriefs: Newsletters for Decision-Makers!

Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails.

Want the newsletters, without the promotional mailers?
Get an (ad-free) subscription to TradeBriefs Premium for just $1 per month.