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John Foley and Peloton: What Went Wrong?

John Foley and Peloton: What Went Wrong?

Great Business Stories vor 2 Monaten

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29:57

I wanted to dig into this story purely because what I knew of
Peloton really was just from the headlines. During the pandemic,
stock pickers and the business media crowned Peloton the business
of the future. It was called the Apple of fitness. You had the
Obamas, Usain Bolt, Leonardo DiCaprio, dozens of high-profile
celebrities as customers, and some of Peloton's live classes had
bigger audiences than Madison Square Garden. And then, just as
quickly, the same press that had lauded him turned on him. Foley
and Peloton became the poster child for pandemic-era hubris. A
company that reached a $49 billion valuation is now just worth
$2.6 billion. Was it all Foley's fault? That's what we'll find
out in today's episode. It's a cracking story, enjoy.