Barry McCarthy new Peloton CEO has Spotify, Netflix CFO experience

Barry McCarthy, Peloton's hope for a turnaround, is a seasoned tech leader with decades of financial management under his belt.

"Together we can make a complete grown-up and build a really remarkable business," McCarthy told the WSJ. and Spotify, plus a short stint at failed startup Crinkle, where he oversaw layoffs to a quarter of the staff. McCarthy's various CFO and board roles afford him deep relationships with institutional investors, some of whom he'll now need on board as Peloton navigates a precipitous stock decline. Shares were down 18% this year as of Monday's close.

when McCarthy retired in January 2020. McCarthy then rejoined the company's board upon his retirement, where he's still a director. From DVDs to streaming service launch at Netflix "You should be confident that I'm leaving the business in good shape," McCarthy said at a conference before his exit."There is nothing that I know that you don't know that would cause you to be sleepless about your position in the stock."McCarthy left Netflix because he wanted to be either a CEO or chief operating officer. He took the latter role at payments startup Clinkle in October 2013, but only lasted six months.

This should go swimmingly well. 🙄

Hopefully he doesn’t carry Spotify ‘s bad habits over to onepeloton JoeRogan

X Spotify exec. You can’t make this stuff up…. 🙄

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Peloton CEO Steps Down, Company Cuts Nearly 3,000 JobsJohn Foley acknowledged that mistakes had been made at his company and that they invested too quickly. I guess he finally realized that customers had done the calculation: We can’t afford the Peleton bike and the $1.5 million house to put it in, like the commercials.
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Peloton stock continues rally as company replaces John Foley as CEOPeloton Interactive Inc.'s newly announced chief executive will face a lowered bar as the maker of exercise equipment once again cut its full-year forecast... This $SPY fake pump will start to fall soon people. Because the spy has jumped massively but looking at the $VIX it has barely moved and looking for a major spike up into green imo $SNAP $PTON will fall heavily imo overvalued especially the whole Tech sector and the market
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Peloton CEO Will Reportedly Step Down As Company Prepares To Overhaul Board And Cut CostsJohn Foley will reportedly step down as Peloton CEO and be replaced by former Spotify and Netflix CFO Barry McCarthy. Who would have thought there was a ceiling on people buying exercise bikes. Someone buy this company already
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