Peloton Out of Business?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Peloton CEO stepped down. What a relief! Netflix CFO taking over.

https://www.cnbc.com/amp/2022/02/08/peloton-ceo-john-foley-to-step-down-transition-to-executive-chair-as-company-cuts-2800-jobs-says-report.html

This is GREAT news

Now as I predicted awhile ago, they will position the company to be purchased by Nike, Apple, Amazon etc

I would honestly be shocked if Apple pulls the trigger. If anyone, I think it would be Amazon

LOOOOOOOOOOL Did you miss that 2,800 employees were fired on the same day as the CEO? Apple picking it up is as likely as WeWork having been bought out.

[Anonymous]

Dumpster fire.

[Anonymous]

When it rains it pours

[Anonymous]

Tough couple of weeks here for peloton. Either way, bizarrely obsessed haters will still be horrendously out of shape and gasping for air trying to make it up three flights of stairs.

[Anonymous]

Anonymous wrote:Tough couple of weeks here for peloton. Either way, bizarrely obsessed haters will still be horrendously out of shape and gasping for air trying to make it up three flights of stairs.

Very strange that someone is so gleeful about a fitness company having financial problems.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Tough couple of weeks here for peloton. Either way, bizarrely obsessed haters will still be horrendously out of shape and gasping for air trying to make it up three flights of stairs.

Very strange that someone is so gleeful about a fitness company having financial problems.

Agreed.

[Anonymous]

What is the appeal of Peleton? It is just a gym membership in disguise where YOU also have to pay for the equipment. What a joke.

[Anonymous]

Anonymous wrote:What is the appeal of Peleton? It is just a gym membership in disguise where YOU also have to pay for the equipment. What a joke.

I hate the gym. Love my Peloton. You do you.

[Anonymous]

As a busy working momma, I love my peloton, can exercise whenever I feel like it and have time. They should have saved for a rainy day when the stock rose during the pandemic. (cause its a rainy day now!)

[Anonymous]

I think it's pretty simple, folks. The market has been saturated. Everyone who was going to buy one of these bought one last year. I think it was pretty obvious that this level of growth was not sustainable.

I think the treadmill issue was definitely some of it, but most investors have forgotten about that by now. It's really just about earnings at this point.

For those of you who love your pelotons, I hope that they continue to support you and release new products.

For everyone who is talking about how they're looking to sell/be acquired, my sincere hope is that Nordicktrack/iFit buys them - they have, IMO better equipment (LOVE the auto adjust of resistance by trainers plus the bikes/treads that have auto adjusted incline/decline), but they recently cut down on live spin classes (that were never as good or fun as Peloton anyway), and I would love to see the best of both worlds combined.

[Anonymous]

Peloton is a content company, not manufacturing, logistics or anything else. I’m glad they are back to focusing on content

[Anonymous]

Anonymous wrote:What is the appeal of Peleton? It is just a gym membership in disguise where YOU also have to pay for the equipment. What a joke.

How much is your time worth? My is worth a whole lot more than the cost of the equipment/subscription and the time it takes to get to the gym (at least 20 minutes each way). I use my tread+ (no longer sold) for distance race and triathlon training. I use my wife's peloton bike, but not as often. I still go to a gym for weight lifting.

How is this difficult to understand? The cost of this is easily a mild monthly wine habit, if you have one. Or a normal American's take out food habit.

[Anonymous]

Anonymous wrote:I think it's pretty simple, folks. The market has been saturated. Everyone who was going to buy one of these bought one last year. I think it was pretty obvious that this level of growth was not sustainable.

I think the treadmill issue was definitely some of it, but most investors have forgotten about that by now. It's really just about earnings at this point.

For those of you who love your pelotons, I hope that they continue to support you and release new products.

For everyone who is talking about how they're looking to sell/be acquired, my sincere hope is that Nordicktrack/iFit buys them - they have, IMO better equipment (LOVE the auto adjust of resistance by trainers plus the bikes/treads that have auto adjusted incline/decline), but they recently cut down on live spin classes (that were never as good or fun as Peloton anyway), and I would love to see the best of both worlds combined.

Disagree, though the current Peloton tread is disappointing. If they ever bring back the Tread+ it is superior to iFit's offerings by a country mile. I tried out an iFit treadmill and it was horrendous. I am really surprised somebody allowed that software to be released.

Either way, its great that we have these at home options for people that are busy. But for these options, many simply would not have the time to sneak in exercise, and that itself is worth the price of admission, even if you get a cheap bike on Amazon and do the app only experience for one of these services.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What is the appeal of Peleton? It is just a gym membership in disguise where YOU also have to pay for the equipment. What a joke.

How much is your time worth? My is worth a whole lot more than the cost of the equipment/subscription and the time it takes to get to the gym (at least 20 minutes each way). I use my tread+ (no longer sold) for distance race and triathlon training. I use my wife's peloton bike, but not as often. I still go to a gym for weight lifting.

How is this difficult to understand? The cost of this is easily a mild monthly wine habit, if you have one. Or a normal American's take out food habit.

+1

I have a Peloton and a gym membership. I strongly prefer the Peloton for spinning. I use the gym for weights and swimming.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What is the appeal of Peleton? It is just a gym membership in disguise where YOU also have to pay for the equipment. What a joke.

How much is your time worth? My is worth a whole lot more than the cost of the equipment/subscription and the time it takes to get to the gym (at least 20 minutes each way). I use my tread+ (no longer sold) for distance race and triathlon training. I use my wife's peloton bike, but not as often. I still go to a gym for weight lifting.

How is this difficult to understand? The cost of this is easily a mild monthly wine habit, if you have one. Or a normal American's take out food habit.

+1

I have a Peloton and a gym membership. I strongly prefer the Peloton for spinning. I use the gym for weights and swimming.

+1 Before the pandemic I always had a gym membership I would use for about a month and inevitably would stop going and just pay monthly fees until i was inspired to go again for another month. I got the peloton bike in 2020 and haven't gone one week without exercising at least 3 days/week. The convenience just makes it so easy but the classes (both on and off the bike) are also fun.