Peloton investor calls for fitness tech company to sack its CEO

// 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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