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Peloton Probably Can't Make It on Its Own

Peloton Probably Can't Make It on Its Own

Peloton's (NASDAQ: PTON) turnaround effort since CEO Barry McCarthy took over earlier this year has been erratic at best. The recent launch of a $3,200 rowing machine was weird. Peloton is overloaded with inventory as demand for its pricey connected fitness products craters.