mr38 wrote:
You could say pretty much the same stuff about Nordic Track. And I don't think they were ever a $50B company. Peloton is just another home-workout fad -- in a decades-long series of fads -- that happened to make its executives half a billion dollars. Snake oil.
The only "snake oil" is whatever the executives were selling to VCs, large investors, and the stock-buying public. Presumably something about growing to 2 billion customers or whatever hence the huge valuation and massive spending on customer acquisition and advertising.
The core product of a well made bike and engaging workout classes is quite good.
It is fine to acknowledge this and agree the business is not being run well.
Have any of the haters here actually used a Peloton? It's way better than sitting on a Precor stationary bike and watching SportsCenter 2x through, I'll tell you that.