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Peloton replaces CEO and lays off 2,800 people

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Re: Peloton replaces CEO and lays off 2,800 people

#31

Post by ct0 »

scotuswroteus wrote: post #25
no_wizard wrote: post #13

I think we’re starting to see a bit of “post pandemic” economic factors and that explains some of the shake up on Wall Street as of late. I always felt this about Peloton more than anything though, that it was not going to be able to sustain growth numbers as the pandemic when either of these came to pass: 1) ended officially 2) waned on to the point that it became "normalized" in how to handle day to day activities…

Zoom will soon follow the rest of the silicon valley companies in finding ways to invest in military technology, use lobbying power to earn big dollar government contracts, and monetize its access to biometric data. Unless it has already done that.

As in Chinese military technology?

Re: Peloton replaces CEO and lays off 2,800 people

#33

Post by jimhi »

jmacd wrote: post #27
jimhi wrote: post #16

Earlier quoted context omitted.

Just to clarify they are in 4 countries. They also appeared to be doing the last mile delivery in these countries themselves (at least I could confirm in the USA) which probably helped with their premium brand. That said, I still agree with the above post. Fitbit has 1,600 employees and actually ships globally. This was excessive.

They definitely were not doing last mile delivery themselves. They use an outsourced delivery company. Those vans you saw with their logos on them were just part of that deal.

As I said, I could confirm they were. I was reselling their bikes to SE Asia in my last company. You can also google this: https://www.businessofbusiness.com/articles/peloton-in-housi...

Re: Peloton replaces CEO and lays off 2,800 people

#35

Post by sf_rob »

N_A_T_E wrote: post #17

Is it just me or is $40 a month too much for the content they provide? I would spend a couple thousand on fancy exercise equipment, or maybe get one as a gift for my parents but the required subscription gives me rent seeking vibes.

I personally agree, but from their view is the competition/substitution another highly scalable virtual fitness subscription or is it a trendy cycling class (Soul Cycle, Orange Theory, etc)? If it's more the latter, then $40 could be compelling value. Yes, the classes aren't the same, but they're convenient and cheaper.

Re: Peloton replaces CEO and lays off 2,800 people

#36

Post by cobookman »

no_wizard wrote: post #13

I think we’re starting to see a bit of “post pandemic” economic factors and that explains some of the shake up on Wall Street as of late. I always felt this about Peloton more than anything though, that it was not going to be able to sustain growth numbers as the pandemic when either of these came to pass: 1) ended officially 2) waned on to the point that it became "normalized" in how to handle day to day activities…

Zoom charges a $/user/month. Companies pre-covid had video conferencing platforms. Zoom did a lot of shifting of existing spend from business on Webex & Hangouts/Meet to its platform.

Even if Zoom's average usage per paid user goes down post-pandemic, it's revenue will remain constant and could still grow as new employees are hired and new companies switch over.

Re: Peloton replaces CEO and lays off 2,800 people

#37

Post by tombert »

lotsofpulp wrote: post #24
boringg wrote: post #20

Apple should buy them - this would be an amazing asset for their health platform.

The profit seems to be in selling the recurring subscription to exercise videos and gamification, which Apple already offers. Seems like it would be smarter to let others take the hardware risks and have an API for other bike makers to plug into.

> The profit seems to be in selling the recurring subscription to exercise videos and gamification, which Apple already offers.

Sure but they would inherit the memberships that Peloton has, and if they were smart about it they would do a gradual transition towards merging the platforms, similar to how they handled Beats music IIRC.

Re: Peloton replaces CEO and lays off 2,800 people

#39

Post by JumpCrisscross »

muh_gradle wrote: post #28
no_wizard wrote: post #13

I think we’re starting to see a bit of “post pandemic” economic factors and that explains some of the shake up on Wall Street as of late. I always felt this about Peloton more than anything though, that it was not going to be able to sustain growth numbers as the pandemic when either of these came to pass: 1) ended officially 2) waned on to the point that it became "normalized" in how to handle day to day activities…

Zoom is most definitely here to stay. I am confident that remote work culture will continue to be a part of normal working culture going forward. There's too many advantages for both labor and businesses to keep remote work alive.

> Zoom is most definitely here to stay. I am confident that remote work culture will continue to be a part of normal working culture going forward.

I'm with you on the second statement. I don't see the first immutably flowing from it.

Zoom is dominant, but switching costs are small and their competitors are well capitalized and eagerly assaulting its fortress. Add to that their geopolitical vulnerability and their long-term dominance is far from assured.

Re: Peloton replaces CEO and lays off 2,800 people

#40

Post by muh_gradle »

I applied to Peloton and was about to work there as a backend engineer for one of its departments that works with businesses and their HR departments. I'm very glad that I got away from all this. At the end of the day, this is a company that sells a piece of hardware with some pretty simple software on top. I was always baffled by the number of loyal consumers Peloton has, and found it delusional how the company kept labeling itself as a FAANG company.
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