On February 8th, Peloton announced that co-founder and CEO John Foley, who has led the company since its founding in 2012, would step down (the company also announced it would fire ~2,800 employees to “right-size the organization”). Foley’s replacement, 68-year old Barry McCarthy, is well known throughout the investment community; he was the CFO at Netflix from 1999 – 2010 and the CFO at Spotify from 2015 – 2020.
Alex, thanks for sharing your great insights !! I believe product differentiation(Over the air software upgrades or feature unlocks like TSLA for customer lock-in) and gaming/social aspects of fitness would be important for Peloton to be successful. It would be interesting to observe how the leadership will balance brand development and affordability to gain market share
Alex, thanks for sharing your great insights !! I believe product differentiation(Over the air software upgrades or feature unlocks like TSLA for customer lock-in) and gaming/social aspects of fitness would be important for Peloton to be successful. It would be interesting to observe how the leadership will balance brand development and affordability to gain market share