Selling the company not ‘probable’

The Peloton CEO is trying to quash rumors that the beleaguered fitness company will be sold to Amazon, Nike or Apple — though he admits it’s not his call in the end. “If I think the company is likely to be acquired for the foreseeable future, I can’t imagine it would be a rational business to move across the country,” Barry McCarthy, who is going from California to New York to lead the company, He told the Financial Times, on Monday. “There are so many other things I can do…

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Peloton CEO John Foley lists Hamptons ranch home for $4.5 million

Peloton founder and CEO John Foley listed his East Hampton ranch home for $4.5 million. Although Foley is still rising high, he lost his billionaire status on November 5th, as the company’s shares plunged 35% to less than $56 per share. Foley is now worth $850 million, down from $1.5 billion. Peloton peaked during the height of the pandemic when Americans living at home still wanted to stay active — but sales plummeted as Americans returned to the gym, another sign of life returning to normal. Foley Ranch is located…

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