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Barry McCarthy became Peloton’s CEO this month, replacing John Foley amid months of company turmoil.
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In a New York Times interview on Saturday, McCarthy explained what went wrong at Peloton.
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“They spent money on things that they shouldn’t have,” he said. “They got caught up in the vision thing at the expense of getting real.”
Barry McCarthy has a lot on his plate as Peloton’s new CEO.
Peloton, a pandemic-era darling with a cult following, once boasted a valuation of…
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