The Peloton story: everything you need to know
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The sharks are in the water for Peloton.
A number of private equity firms are thinking about buying Peloton and taking it private, according to CNBC. That’s after the company’s bad quarter (and lack of strategy) led to both a 15 percent staff layoff and CEO Barry McCarthy stepping down. How will the PE vultures fix things? They have “zeroed in on cutting Peloton’s operating expenses,” of course. That’ll fix it, sure.
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