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Peloton to charge $95 activation fee for used bikes

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111–120 of 172 posts

Re: Peloton to charge $95 activation fee for used bikes

#111
post #83

Earlier quoted context omitted.

Yup, let's recycle CEO's because they worked at a place that people have heard of before. It'll bump the stock price for next quarter. lol. (You're not wrong)

Yeah, let's recycle. But let them pay a re-initialization fee.

Any CEO worth his salt will renegotiate that to let the shareholders pay the fee.

Re: Peloton to charge $95 activation fee for used bikes

#112
post #71

Earlier quoted context omitted.

I remember seeing an activist investor powerpoint going after peloton in 2021. The thing that stuck with me the most is the CEO saying he would talk to the CTO maybe once every couple months.

The Blackwells deck? It was highly entertaining, including the magical line "Hiring McKinsey is an admission of failure". https://blackwellscap.com/wp-content/uploads/2024/04/Peloton...

That's the one. What a screed.

Re: Peloton to charge $95 activation fee for used bikes

#113
I am curious about the legality of this. This directly diminishes the value of Peloton bikes for sellers. Imagine if the fee was so high that it was greater than the value of the bike; the used market would obviously be affected. If there was no subscription, but a purchased license, I would understand that argument, but a fee on top of a monthly subscription?

My question is, preferably to a contract lawyer, would Peloton owners have a case to make that Peloton has diminished the value of their property by $95? Is that even a thing? If there was a competitive marketplace, for example, an alternate service for you to hook your bike up to, it would be an argument against this; but as far as I am aware, a Peloton bike can only be used with Peloton's services.

Re: Peloton to charge $95 activation fee for used bikes

#114

I'm still hoping for a gamified exercise bike where you can weave through traffic and the hardware physically tilts. When is biking sim going to approach racing / flying sim.

I used to be in the industry and I think there's at least one Wahoo bike that does this. And it's controllable remotely.

[edit] I might be thinking of the variable resistance: that's controlled over wireless.

Re: Peloton to charge $95 activation fee for used bikes

#115

Earlier quoted context omitted.

nah, they'll start with each email you send. only, they'll call it postage to avoid getting tagged with raising taxes

I would happily pay one cent per email if it meant everyone else had to as well...including advertisers Think of how much better the signal-to-noise ratio of email would become.

If that 1¢ gets you straight to Inbox then the signal-to-noise would take a very bad nosedive. If not, then it will change nothing anyway. Phone calls cost money and there are still plenty of SPAM calls.

Re: Peloton to charge $95 activation fee for used bikes

#117

Earlier quoted context omitted.

>the idea of paying for a subscription to ride a stationary bike You're not. Like was said above, you can ride it as a stationary bike for free. You're paying for the video content put out by Peloton which is added to daily, like a tv station. I can't help sounding like a sales person at this point but I'd also point out you get access to all their old content plus the fact that all this content is tied directly to y…

There's nothing unique about the "old" video content that makes it attractive other than the fact that their top "trainers" are leaving in droves.

Is there something worth leaving to? I have my old subscription limping along because I do like the trainers, the music especially, and use the non cardio programs, but would like to switch to something that isn't actively making the product worse to make money. Yt dl came in handy before their cardio money grab.

Re: Peloton to charge $95 activation fee for used bikes

#118

They are losing money still so desparate moves like this I guess make sense, but adding friction to the new subscriber workflow just seems wild. There's a reason why just about every subscription out there offers free trials/discounted first months. It's to get you in the door. It's not even as if the bike is disabled when bought used, you can just use it like any other spin bike happily. This ONLY effects people who…

The market is absolutely flooded with used bikes. Looking in my area I see two dozen on CL alone within a 30 mile radius for $300-$900 (the $900 guy is delusional.) Some people will never buy a used peloton, so this doesn't affect them. Some people will never buy a new one, but the bikes have depreciated so much that a used one is a "steal" at 20%-50% of its original cost, they will grumble about, but pay, the fee. P…

>Some people will never buy a used peloton, so this doesn't affect them. Some people will never buy a new one

But the people that will buy a used one is probably a decently sized market, and those people will still subscribe to pay the company monthly to access the premium features.

Re: Peloton to charge $95 activation fee for used bikes

#119
post #97

If I did a push-up for every product that has “revolutionized” the fitness world in the last several decades, you would see my body and probably assume that I had used those products. If you have a floor, a wall, and autonomy over what enters into your mouth, then you already have everything you need to gain muscle and lose fat. Nobody needs a $1400 bike with a $40 monthly subscription to maintain a calorie deficit.…

> autonomy over what enters into your mouth This is incredibly underrated. Basically I lost weigth by focusing on this first. then exercising became easier. YMMV, but one thing that helped me control food intake was meditation, for a lot of us, over-eating is a response to anxiety.

That’s also how I lost most of my weight. Sure, you could spend 25-45 minutes on the treadmill… or you could just not eat 5 Oreo cookies, and you would achieve the same result (from a caloric perspective).

My best tip for not eating junk food: Don’t buy it. It’s so much easier to eat chicken and rice when you don’t have a bag of Doritos on standby.

Re: Peloton to charge $95 activation fee for used bikes

#120

I'm still hoping for a gamified exercise bike where you can weave through traffic and the hardware physically tilts. When is biking sim going to approach racing / flying sim.

I used to be in the industry and I think there's at least one Wahoo bike that does this. And it's controllable remotely. [edit] I might be thinking of the variable resistance: that's controlled over wireless.

Yeah that's the brand I was thinking, they had one where bikes tilt up/down to simulate hills. I'm hoping for one that also tilts side to side. Their software/game also looks kind of meh. But I don't really need exercise bike to "simulate" biking, throw it in MS flight simmulator and do multi axis ET bicycle flights, or at least some sort of twisted metal.
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