PALO ALTO, CALIFORNIA - MAY 08: A pedestrian walks by a Peloton store on May 08, 2024 in Palo Alto, California. Several private equity firms are considering a buyout of struggling fitness company Peloton a week after CEO Barry McCarthy announced that he would step down and the company planned to cut 15% workforce following a poor earnings report. The company has had 13 straight quarters of financial losses. (Photo by Justin Sullivan/Getty Images)