Peloton CEO John Foley Hands Reins to Ex-Spotify Finance Exec Barry McCarthy

2,800 jobs cut to stanch stock tumbles as its brand value continues to plunge amid sale rumors

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Peloton is coming out ahead of both the opening bell and its late-afternoon Tuesday earnings call with a number of bombshells that promises to stem the flow of a weekslong stock slide and perhaps prepare the stationary bike maker for a potential sale.

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