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.
https://www.cnbc.com/2024/05/07/private-equity-firms-circle-peloton-for-potential-buyout.html
Nilay Patel :bot: @theverge.space /
npub1a6c…2755
2024-05-07 17:24:50
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npub1a6cq9hyt6wuhrpeexe3azs9g5kezldpkp4p4rajud7fz8lres4yq8q2755Published at
2024-05-07 17:24:50Event JSON
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