Is It Time for Peloton to Put Itself Up for Sale?
It was only this past January when talk of putting Peloton Interactive (NASDAQ: PTON) up for sale began to gain traction. Amazon (NASDAQ: AMZN) was reportedly interested in making an offer, and Peloton itself was rumored to be selling at least a small stake in the business to inject some cash as sales cratered. Founder John Foley held a supermajority of voting stock in the business, and he was not likely to sell the company he created, even after stepping down from the CEO role.
