Peloton’s earnings are even worse than expected – TechCrunch
TechCrunchJUL 2022
The pandemic bubble has officially burst, and Peloton has joined the ranks of Zoom, Netflix, and all of the other stay-at-home plays that thrived during the lockdown. All were bid up during the lockdown and all were bound to bust with the reopening.
Peloton is in the early stages of a radical transformation from a "bike company" with its early focus on hardware and devices to a "connected fitness" platform with 100M global subscribers, and McCarthy is just the guy to lead it. Turnarounds are hard work, but the company will bounce back.