Peloton's founder resigned from the company on Monday - less than three weeks after the exercise business he created, which saw him become a billionaire during the COVID-19 pandemic, reported a $1.2 billion quarterly loss and a nearly 30 percent drop in revenue.John Foley, 51, launched the fitness firm in 2012, with the first studio in Manhattan in which instructors led classes that were also beamed into members' homes.It went public in September 2019, and the pandemic saw demand surge as gyms closed and millions begin to exercise in their homes.
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