Inside Peloton's wild ride, and what's next

In 2017 Peloton’s Chief Executive and founder, John Foley, wrote that the fast-rising exercise technology company would lead the “next generation of technology disruption” coming out of New York—making the city poised to challenge Silicon Valley as the global hub of innovation.

Five years later both of those predictions were correct. The city’s startup scene rivals that of California’s Bay Area in several categories and Peloton, now a decade old, is one of the best-known technology companies born of the Big Apple.

But Peloton is now at a crossroads. Foley stepped down on Tuesday amid shareholder pressure, as the company’s once high-flying stock has sunk by nearly 80%.

→ Continue reading at Crain's New York Business

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