Peloton investor calls for fitness tech company to sack its CEO

Peloton Stock price in front of company logo
One of Peloton’s activist investors Blackwells Capital LLC wants the fitness technology company to sack its chief executive John Foley, according to Reuters.
// One of Peloton’s activist investors Blackwells Capital LLC wants the fitness technology company to sack its chief executive John Foley, according to Reuters.

The company’s valuation hit a peak of $50 billion during the heights of the pandemic, however a series of controversies including safety concerns over its Tread+ and the reopening of sports facilities has seen Peloton’s valuation sink to just $8 billion.

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