Peloton’s new CEO says a sale isn’t in the cards
Peloton CEO Barry McCarthy says he's not interested in a sale right now. | Photo by Amelia Holowaty Krales / The Verge Last week was an eventful week for Peloton: it got a new CEO, investors unleashed their fury at outgoing CEO John Foley, 2,800 employees were fired, and then some of those employees crashed an all-hands. At the heart of the drama, a big question was whether new CEO Barry McCarthy had been brought on to get Peloton in shape for a sale as the company's value has plunged to $8 billion from a pandemic high of $50 billion. However, in a Financial Times interview, McCarthy has officially nixed the idea for the foreseeable future."
If I thought it was likely that the business was going to be acquired in the foreseeable future, I can't imagine it would be a rational act to move across the country. There are lots of other things I could be...