Stay updated with breaking news from Peloton. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
![Peloton, the fallen fitness unicorn, faces a harsh truth despite its shiny new deal with Hyatt hotels: 'I don't think they thought [about] what was going to happen post-pandemic' - Vimarsana News](https://s.yimg.com/ny/api/res/1.2/.0zglRhp1Q7AfXEwfKleng--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/fortune_175/659755da9a4562f313803c809aa91ed8)
Peloton has lost 90% of its value since the beginning of the pandemic, when the company soared to a $45 billion market cap.
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.
Barry McCarthy took over as C.E.O. in February 2022 to revive Peloton from its late-pandemic slump, but the company has struggled to become profitable.
“Peloton needs someone who knows the industry,” Lou Lentine told The Post. “I’m running the same company but smaller and we are doing the same things every day but better with fewer employees and less debt.”
Peloton CEO Barry McCarthy exits as it lays off more staff. What's ailing the fitness company?