Foley notes, 'You know, at one point I had a lot of money on paper... Not actually [in the bank], unfortunately. I've lost all my money.'
Foley recalls, 'We were coming out of Covid. The stock was getting crushed. And then the Mr. Big thing happens...it was brutal.'
Reflecting on Peloton's decline, Foley shares, 'Once worth a staggering $50 billion, the New York-based company... has since cycled through another CEO and laid off thousands of employees.'
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