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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

#261

Post by birken »

999900000999 wrote: post #234
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 doesn't have massive manufacturing overhead. Peloton forgot how easily they can be replaced. You can buy a used exercise bike, and play whatever YouTube videos you need on a mounted iPad. For a while Peloton started to position itself as a tech company, competing with FAANG when it came to total comp. I've also seen an explosion in fitness tech companies. Peloton struck gold, and should've remained a much smalle…

Every company in history could have remained smaller and more efficient. Amazon could still be an online bookstore with higher margins than they have now. It is very normal and natural for companies take risks to grow, and sometimes those risks pay off and sometimes they don't. It is very results oriented to see what happened and then say they shouldn't have tried.

Peloton is also far from insolvent. I'm not saying they were mismanaged or not, but the fact that the gamble they made didn't pay off is not on its own evidence they shouldn't have tried.

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

#262

Post by loudtieblahblah »

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?

Pelton Culture is like Crossfit meeting the Cult of Mac.

Its just where fitness and trendy luxury brand peacocking intersect.

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

#263

Post by sharkster711 »

loudtieblahblah wrote: post #257
samfriedman wrote: post #197

Earlier quoted context omitted.

It's just an Android tablet, and it appears to be rootable: https://www.reddit.com/r/pelotoncycle/wiki/index/howto/root Not sure how recent those instructions are.

this makes how locked down it is even more ridiculous. commercially available single purpose computers are such a scam

Yes, they're an environmental disaster.

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

#264

Post by loudtieblahblah »

AlwaysRock wrote: post #145
ohgodplsno wrote: post #111

Earlier quoted context omitted.

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

Unfortunately there are not good alternatives. I have a fairly nice bike at home and a standing desk that I can fit it under comfortably. I told my partner we don't need a Peloton because I could find spin class videos online. Nope. There really isnt any quality content out there. I guess I could just sign up for the Peloton platform with my own bike but I was surprised there wasnt at least a handful of Youtube video…

I don't get why you need a class or video at all

Spin classes are just HIIT over a 30-60 minute window.

Throw on some tunes and move your ass. If you're not sweaty or tired by the time you're done you did it wrong

Tada.

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

#265

Post by thebigman433 »

astura wrote: post #178
thebigman433 wrote: post #134

Earlier quoted context omitted.

Gym memberships range from 10$ to hundreds, but the big thing is the class price. If you want to do classes on bikes/dancing/yoga/whatever, they are usually an absolute minimum of 10$/each, which is what makes the Peloton monthly attractive for people I think

A decade ago I paid $35/month for unlimited classes at my gym. I could only attend maximum of 2/week due to scheduling (I wasn't interested in every class). I thought that was an excellent deal back then. So I can really see the appeal.

Yea classes are super expensive. If you get into martial arts, then youre easily looking at a couple hundred/month minimum

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

#266

Post by dave5104 »

clpm4j wrote: post #60
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.

This is me. I was previously going to a brick & mortar gym in the CA Bay Area and paying $120/mo for unlimited classes per month. Doing the math on the upfront cost of the bike, plus $40/mo for the class access, still made financial sense for me. (I also took advantage of a deal through my credit card that got me 3 free months of subscription, plus lots of bonus points to use for travel later.)

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

#267

Post by kevin_thibedeau »

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…

They we're attached to the spin bike fad which was already waning pre-pandemic.

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

#268

Post by davidw »

reidjs wrote: post #248
KingOfCoders wrote: post #212

Earlier quoted context omitted.

As a CTO coach I use Meets, Zoom and MS Teams. MS Teams is the worst of the bunch by far, mainly because it's not a video conferencing tool but wants to be everything. So it's hard to just schedule a call with someone in another organisation. Works fine with Zoom and Meets, doesn't work with Teams (also the HTML link in invites does not work in my calendar solution, why not just have a simple text link?) Zoom is the…

what’s a speech coach?

Someone who helps you speak more like how you'd like. For instance helping a non-native speaker sound more like a native speaker.

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

#269

Post by jker »

Somewhat related: a miniature version of the Peloton model is Supernatural, which I run on the Oculus Quest 2. (https://www.oculus.com/experiences/quest/1830168170427369/). It's about $20 a month and absolutely worth it, the workouts are fun, challenging, motivational and musical. It's been transformative for my fitness.

(I am not affiliated with these companies.)

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

#270

Post by ubermonkey »

bladegash wrote: post #148
ubermonkey wrote: post #118

Earlier quoted context omitted.

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.

It’s FedRAMP authorized at the moderate baseline. That requires implementation of a pretty sizable and stringent set of security controls, continuous monitoring, and more. I’d say it’s probably a bit more secure than their commercial offering, but that likely depends on your opinion of the control catalog’s requirements and compliance does not always equal secure.

I am in the gov't contracting world, and let's just say I'm not impressed with the "stringency" of FedRamp controls or evaluation.

Plus, as noted, Zoom has lied repeatedly about what they do, how they do it, where their data goes, etc., and every time has somehow escaped any real repercussions. They are not trustworthy, regardless of certification.

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