Activist investor Blackwells Capital is calling on Peloton Interactive Inc (NASDAQ:PTON) to seek a buyout rather than restructure its struggling business internally.
Peloton shares are down 76.2% in the last year as the company has struggled to find post-pandemic growth. Earlier this week, Peloton CEO John Foley stepped down for the position after Blackwells called for his ouster in January.
