Peloton CEO acknowledges corrective actions, denies ‘halting all production’ of bikes and treadmills – TechCrunch
Ahead of the company’s upcoming earnings, Peloton CEO John Foley took a break from a “quiet period” to address a number of reports related to poor device sales. The executive issued a denial that the company is halting production across its entire bicycle and treadmill line as demand for the devices has begun to crater…