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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

#51

Post by zaptrem »

sharkweek wrote: post #30
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.

My partner might as well have joined a cult with how obsessed she is with not just the peloton but the culture of the peloton class. That being said, she argues she’s never felt healthier in her entire life and so I can’t complain if she’s happy!

I've heard the same thing about "Peloton Culture" elsewhere, but not a good explanation of what that culture is. Can a HN Peloton user elaborate?

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

#52

Post by voisin »

FinalBriefing wrote: post #42
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.

It's a lot cheaper than a monthly gym membership, but way more than say, Apple Fitness and others offer. Having not used their software or hardware, I'd assume that for people purchasing a really expensive bike, $40/mo isn't bad. Still...it feels steep.

If Apple roles out GymKit more broadly to consumer devices, that will allow the average person to pay significantly less for both hardware and SaaS subscription. I imagine this would be a catastrophic event for Peloton.

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

#53

Post by marricks »

parkingrift wrote: post #45
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.

Pretty cheap compared to other spin classes or gym memberships.

Apples to oranges comparison, those provide the bike and the space.

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

#54

Post by dkobia »

Peloton has pretty expensive products and induces the same reaction folks had to iPhones before other companies released similarly priced flagships. Generally I think it's easy to hate on these products if you don't have one. I was pretty skeptical myself. "Was", because my partner picked up the Peloton Bike and subsequently the Peloton Tread.

Like some other comments here, the almost cultish following is quite fascinating to witness in person. Would I get one myself -- probably not, but there's something to be said about the intensely passionate users Peloton has. This passion comes not from the hardware itself but from the trainers who've become celebrities themselves.

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

#55

Post by CoastalCoder »

llampx wrote: post #50
muh_gradle wrote: post #28

Earlier quoted context omitted.

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.

Is Zoom here to stay or is video conferencing here to stay? Google Meets and MS Teams are pretty good and built into their respective Office suite products.

For small meetings within established teams, strangely I kind of need to plug for gather.town.

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

#56

Post by [deleted] »

cobookman wrote: post #36
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.

[deleted]

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

#57

Post by justapassenger »

onion2k wrote: post #14
hadrien01 wrote: post #3

They had 2800 employees?! Why? Their product is a home bike with a screen. Plus some developers and their TV crews, I don't see how you can get to such a number

All your comment really shows is how little you know about how many people it takes to run a large business, and that you don't really understand what Peleton do. Peleton design and manufacture their own equipment, they ship it globally, they have their own buyers and supply chains for that, They also build the tech that runs their business, from the customer portal to the video integration in the products. They make…

Those thing need people, and for that size makes sense.

What doesn’t make sense is why do all of that themselves, instead of using third party providers.

Bringing more things in house often doesn’t even make sense if you’re a huge behemoth. But even then, it’s a great way to make your company fail, as you lose focus on what value you’re providing.

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

#58

Post by muh_gradle »

JumpCrisscross wrote: post #39
muh_gradle wrote: post #28

Earlier quoted context omitted.

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 lo…

That's fair, I don't think it's a guarantee that Zoom will remain an industry leader. Google Meet and Microsoft Teams might catch up and overtake. Last I saw the numbers, Zoom still has a pretty big advantage as a brand name with 600 million DAU and being the brand name. I think the geopolitical vulnerability is fairly overblown.

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

#59

Post by m4tthumphrey »

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.

Peloton subscriber here.

£40/month is worth it. The quality of the classes is impeccable. It's like they've been produced with TV budgets! This price does also include the digital membership which has yoga, boxing and loads of other type of workouts.

The bike (Bike+) is expensive but it's a solid piece of kit and does come with a 24 inch (Android) tablet.

Edit: Forgot to say, the £40/month is per bike, not per member. So you can have your entire family using the bike for the £40/month.

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

#60

Post by clpm4j »

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.

Specifically for the bike, if you're a "spin class person", then you're used to spending $20-40 per class - $40 for a month of unlimited classes with the best instructors in the business seems like a steal in comparison.
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