Why Is Everyone Talking About Peloton?
There's a difficult dichotomy to address when you consider Peloton Interactive (NASDAQ: PTON). Its products are very cool, largely thanks to the technology that is wrapped around them. Still, to a large extent it's just exercise equipment. With the company recently announcing a big shake-up in the management ranks, investors may have to come to grips with the real problem Peloton faces.
In every company's life, there is a time when the founders are important and, if the business is to succeed over the long term, a time when the founders need to let go. For Peloton, it seems as if the time to let go is now, with founders John Foley and Hisao Kushi slated to have both left the company by early October.
That leaves recently anointed CEO Barry McCarthy to, essentially, do as he wishes with the company.
Source Fool.com
