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Peloton Stock Price Tumbles After CEO John Foley Steps Down

Peloton slashed full-year revenue guidance to $3.7 billion to $3.8 billion, down from a prior outlook of $4.4 billion to $4.8 billion.

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Peloton Giving 2,800 Fired Employees a Free 1-Year Subscription

Along with the layoffs, Peloton also announced CEO John Foley is stepping down, and the company is scrapping plans for a North American factory.

Exercise bikesBen gilbert

Peloton Stock Price Tumbles After CEO John Foley Steps Down

Peloton slashed full-year revenue guidance to $3.7 billion to $3.8 billion, down from a prior outlook of $4.4 billion to $4.8 billion.

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Outgoing Peloton CEO John Foley Takes the Blame for Peloton's Crash

"We've made missteps along the way," Foley said in his final investor call as Peloton CEO on Tuesday morning. "We own this. I own this."

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McDonald's Customers Riding Exercise Bikes While Eating A Hit Online | 107.9 YYD

Customers at a McDonald’s in China eating their meals while riding exercise bikes. Wow.

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