Peloton, the once-thriving fitness company, has hit another rough patch as it struggles to regain its footing in the post-pandemic era. CEO Barry McCarthy is now stepping down after the company's share price dropped about 92 percent during his tenure.
Peloton, the once-thriving fitness company, has hit another rough patch as it struggles to regain its footing in the post-pandemic era. CEO Barry McCarthy is now stepping down after the company's share price dropped about 92 percent during his tenure.
Peloton Bike Plus: an upgrade at a crucial time
The bike arrives at a time when many people want to work out at home
Share this story
Last year was the year of the COVID-19 pandemic, the year sweatpants become acceptable workwear, and the year Peloton peaked. Mid-pandemic, the company announced two new devices: the pricier Bike Plus and a less expensive treadmill called the Tread. The Bike Plus started shipping in September and includes significant updates to the company’s signature hardware during an especially critical time, when many people have shifted their fitness routines from gyms into their own homes.