The Verge reports that Peloton’s new CEO, Barry McCarthy, has denied the rumors about the sale of the company in an interview with the Financial Times. The company faced rumors after missing Wall Street projections and laying off 2,800 employees. McCarthy told FT that he wouldn’t move from California to New York for his new job if the company was going to be sold. He still sees clear potential in Peloton and would now set out to turn it into a leading connected fitness company.