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Benzinga
Benzinga
Business
Shivdeep Dhaliwal

Peloton CEO: 'Rumors That We Are Halting All Production Of Bikes And Treads Are False'

Peloton Interactive Inc (NASDAQ:PTON) CEO John Foley on Thursday addressed what he called a “flurry of speculative articles” in the press regarding the company pausing production of its bike and treadmill products.

What Happened: In a letter to his employees, first noted on Business Insider, Foley said he was saddened that Peloton employees read things without “clarity and context” that they deserve.

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