In the time of lockdowns, everyone rushed to buy a Peloton bike, or so it seemed. With lockdowns lifted, no one is rushing to buy a Peloton, or so it seems. That has led to an extended rough patch of road for the company. Activist investors asked for leadership changes and even demanded the company sell itself. Peloton's co-founders stepped down. Then, two months after he started his new job in February, new CEO Barry McCarthy was slammed by one of those activist investors for making the company "worse off now than before."