"As a cofounder and driving force behind Apple Fitness Plus, Peter led his growth to millions of members, and is responsible for successfully scaling over a dozen other subscription services ranging from Ford BlueCruise to Apple iCloud..."
"Stern was 'known for execution' and that the ability to balance profitability and growth was top of mind in the search for a new leader..."
"Peloton's downfall was due to the company throwing hundreds of millions at growth opportunities while failing to account for waning demand after vaccines became widely available..."
"Peloton also noted several new software features are in the works. That includes a previously announced strength training app for gym-goers, which has had 70,000 signups thus far..."
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