"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. I've had to sell almost everything in my life." - John Foley
"I'm working hard so that I can try to make money again... because I don't have much left. And so I'm hungry and humble." - John Foley
Peloton's troubles started when the pandemic began to ease up... the company banked on its meteoric momentum to continue, investing $400 million in a new factory."
At the peak, Peloton's sales climbed by over 170 percent and its valuation skyrocketed from around $8 billion to nearly $50 billion by year's end.
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