Peloton Interactive Inc built its business to delight its custo-mers. Now it must do the same for its shareholders.
Peloton said Tuesday that it will stop producing its own hardware, exiting all owned manufacturing operations and expanding its relationship with its Taiwanese manufacturer, Rexon Industrial Corp.
The move comes as Peloton's new chief executive Barry McCarthy works to right the company's financials, unwinding big, and in hindsight naive, bets co-founder John Foley made during his tenure.
