Peloton founder and CEO John Foley will relinquish leadership
The fitness startup Peloton, which has become an example of coronavirus anti-success, is preparing to replace the CEO, cut costs and carry out a large-scale personnel purge. The day before, the company's quotes soared 22% after reports that Amazon and Nike were interested in buying it, but fell almost 10% in premarket news on the next batch of news. Peloton co-founder John Foley, who led the company throughout its 10-year history, is stepping down as CEO, reports The Wall Street Journal.