An activist investor wants Peloton to fire its CEO and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high, as growth slowed
An activist investor wants Peloton Interactive Inc.
to fire its chief executive and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high, as growth slowed.Blackwells made public Monday. The firm believes Peloton could be an attractive acquisition target for larger technology or fitness-oriented companies, according to the letter.
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