Read the full article on The Motley Fool.
Excerpt:
Key Points
- Peloton's C-suite shuffle hasn't really changed much in the executive offices.
- John Foley controls a supermajority of the voting power in the company.
- In the meantime Peloton faces a tough competitive landscape.
Although Peloton Interactive (NASDAQ:PTON) could be clearing the decks in advance of a sale of the company as its CEO stepped down, the connected fitness equipment maker's dual-class stock structure may not make that easy.
Wall Street, though, continued to spin scenarios of some tech stock or fitness company takeover, which heartened investors who sent Peloton's stock soaring 25% despite a still-dismal earnings report.
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