
Peloton: Riding off a cliff (Part 1)
Corporate Gossip
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What Happened to Peloton?
John Foley sent a letter to the employees saying, hey, what you all saw last night was actually just a personal party. We paid for it out of our own personal wallet. It had nothing to do with Peloton. And all the employees are like, like bullshit. So of those 4,000 people was it, it's celebrities. The stock after the news after that party broke, the stock dropped another 16%. Right. But listen, it looks really bad. Yeah. This guy seems like a Harvard educated guy who probably comes from like middle class, didn't have a ton of money growing up. Now is enjoying the fruits of his labor in typical new money fashion.
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