Peloton Has to Get Off the Bike

May 31, 2022

Peloton’s new CEO Barry McCarthy, who’s trying to turn a great big bulky barge around with pep talks and a puny paddle, is in a whole lot of hurt right now. He’s short on cash and trying to borrow a bundle from big banks with their own problems and he’s stuck with a ton of excess inventory and a treadmill that’s still seen as a threat to toddlers. inc.com