We are at the point where we can begin writing Peloton’s eulogy. Last week, Peloton co-founder and former CEO John Foley stepped away from the company by resigning from the board. He had moved into the executive chairman role this past February after bringing in Barry McCarthy to fix his errors and miscalculations.

Peloton’s user trends continue to worsen. More importantly, the one thing that was always going to represent the core…