Peloton Interactive Inc. went public in 2019. Blackwells Capital LLC has a stake of less than 5% but is preparing to push the company to fire CEO and co-founder John Foley, according to reports. Peloton's shares have fallen more than 80% from the company's all-time high a year ago. Activist investors are unhappy with Kohl's CEO Michelle Gass' strategy for the department store chain as they circle Kohl's with takeover offers. Starboard Value is offering $9 billion to buy the retailer.