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  "documentTitle": "Peloton Interactive (PTON)",
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  "authorName": "David Einhorn",
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      "text": "The nice part of our thesis is that we don't have to convince Peloton this is the right approach. Here is a slide from Peloton's May 2024 investor presentation. Peloton's interim co-CEOs are telling the same story of a recurring, high-margin subscription revenue stream business. They have also implemented an initial cost-cutting plan, which still leaves plenty of room for the new CEO.",
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