What’s next for Peloton?
— on Peloton would be an expensive but effective way to catch up with the fitness/health sector competition., Amazon is working with advisors to consider its next move. Whether an acquisition attempt comes from the company or anyone else is still up in the air.
Also muddying the situation, according to the paper, is that CEO John Foley and other insiders control 80 percent of Peloton’s voting shares, so activist investor calls for a sale may not carry much weight. Either way, we’ll probably have a better idea of the company’s future by the time its earnings report hits on Tuesday afternoon.
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