What happened Many stocks are not doing well in these early weeks of 2022, but Peloton Interactive (NASDAQ: PTON) is a particularly notable decliner. Battered by news of production "resetting," preliminary results that indicated some weaker-than-expected fundamentals, and an activist investor's call for significant change, the stock has received another blow. A disquieting tweet from a reporter following the company raised a new item of concern for investors. As a result, Peloton shares closed Tuesday nearly 11% lower. So what Fox Business News reporter Charles Gasparino published a tweet that indicated a potential sale of Peloton wasn't in the cards: BREAKING: Private equity is snooping around [Peloton] but not hearing any resounding interest. Firms believe stock is still over-valued, management is a mess that [would] take too much to fix even in private hands. Wouldnt shocked by a deal but it seems much less than 50 50. Image source: Getty Images. Gasparino did not cite any sources for his assertion, and Peloton has not officially responded to it. Activist investor Blackwells Capital is pushing for the company to replace CEO and co-founder John Foley, and to put itself up for sale. "Despite the incontrovertible mismanagement of the company, Peloton has a large and loyal customer base, skilled employees, great technology and content, and a respected brand," Blackwells wrote in a letter to the company's board of directors. "A stand-alone Peloton, however, will still not be able to fully exploit the opportunities its assets and brand enable -- especially now with a pressured balance sheet, significant cash burn, and loss of investor confidence," Blackwells added. Now what Gasparino's tweet is the latest in a cascade of bad news and publicity for the company, in what should be a fruitful period for a business that makes exercise equipment and streams fitness classes. The beginning of the year is typically when people sign up for such classes or invest in this type of equipment. Peloton management has a rapidly growing pile of challenging issues it needs to deal with. Early indications aren't promising, so this looks like a stock to avoid for now. 10 stocks we like better than Peloton InteractiveWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and Peloton Interactive wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 10, 2022 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns and recommends Peloton Interactive. The Motley Fool has a disclosure policy.Source