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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

#111

Post by ohgodplsno »

zaptrem wrote: post #51
sharkweek wrote: post #30

Earlier quoted context omitted.

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?

Take HN's hive mind tech bro culture, and apply it to overpriced classes that are basically a youtube video.

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

#112

Post by stjohnswarts »

muh_gradle wrote: post #40

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…

As long as they make good quality products I think they'll always have a market, especially if they can hang on to their brand awareness, but the pandemic and bored people gave them a boost they won't be able to maintain forever.

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

#113

Post by taylorhou »

somethoughts wrote: post #73
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.

It will survive for sure - the question is if it will be an independent entity. My personal prediction is that Zoom - like Slack - will be acquired by Salesforce if Zoom's stock price normalizes. In both cases, benefit of doing the IPO is that it enabled the founders to cash out at market prices. Eric Yuan at Dreamforce - https://www.youtube.com/watch?v=h7DmHSxsYoI& There's another video of Eric and Benioff having a…

absolutely agree. a google or microsoft wouldn't cus the customer base overlaps with their own anyways. Salesforce on the other hand could continue on their path to becoming the enterprise suite of everything.

real question though is who does SF acquire to gain a foothold in the email arena? superhuman?

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

#114

Post by geodel »

tombert wrote: post #37
lotsofpulp wrote: post #24

Earlier quoted context omitted.

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.

Huh, One more kid get wrangled/stuck in bike in some tragic accident and Apple would lose ten times more than Peloton ever lost. Besides endless memes about "Killer Apple" and so on.

I guess Apple would prefer to stay dumb on this thing.

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

#115

Post by davidw »

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.

IDK, with Google seemingly doing their best to wreck their own video stuff, I think we're stuck with Zoom.

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

#116

Post by dehrmann »

dkobia wrote: post #54

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 fasci…

> Peloton has pretty expensive products

You can buy a set of kettlebells up to 24kg, a barbell, and enough plates to make 315 lbs for the cost of a Peloton. Completely different crowd, though.

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

#117

Post by tkahnoski »

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.

The strategic threat for Zoom at this point is big players providing a more integrated offering. Microsoft being the best example.

Zoom was easy for corporations to adopt quickly in the pandemic rush, but companies that already had Webex or others didn't switch.

When a player offers cross-sell discounts with other products they offer and as long as the functionality is 80% as good, they will absolutely go with the cheaper vendor.

Zoom needs to diversify to stay competitive five years from now, the Five9 acquisition/merger was Zooms first attempt at trying to figure this out.

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

#118

Post by ubermonkey »

Upgrayyed_U wrote: post #29
scotuswroteus wrote: post #25

Earlier quoted context omitted.

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.

Already there: https://www.zoomgov.com Zoom for Government

Which I'm utterly sure is in NO way more secure or less of a liability than regular Zoom. Zoom has proven itself to be completely craven about behavior and pseudo-apologies; I'm amazed they have any credibility with CIOs.

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

#119

Post by stjohnswarts »

jallen_dot_dev wrote: post #26
onion2k wrote: post #14

Earlier quoted context omitted.

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…

Will they still be able to do what they do with 2800 fewer people? If so, what does that say?

Most execs think kind of like tcp "linear increase/exponential backoff". No doubt they panicked and cut too many people.

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

#120

Post by pcurve »

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…

Reminds me of Go Pro IPO https://g.co/finance/GPRO:NASDAQ?window=MAX

And to a lesser degree, Fitbit, which of course was bought out.

I'm guessing Peloton will follow the Go Pro IPO trajectory.

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