201–210 of 280 posts
So many words trying to obfuscate the simple fact that “We are a treadmill maker trying to masquerade as a tech company.”
Earlier quoted context omitted.
How is Netflix “rent seeking?” They pay up front to either license or produce shows.
It's an academic economic term. Economic rent isn't the same as the common term. Taking a back catalog of content and charging for the right to view is a form of academic, economic rent. Licensing models, such as a video store, are frequently used as examples of rentierism. I've got zero interest getting into one of those internet "debates" where a bunch of people extremely unfamiliar with concepts flex their knowled…
Are you really saying that Netflix offers no “contribution of productivity.”? Or that they don’t have any added value.
If you had said that the 30% App Store fee is “rent seeking”, I would agree with you.
Earlier quoted context omitted.
Is that similar to a video store masquerading as a tech company? Or a book store masquerading as a tech company? Or an apple masquerading ... Oh wait, that actually IS a tech company.
Treadmills are a uniquely obtrusive, pointless, and expensive product
I use my treadmill daily. Even if I'm not doing a proper guided run workout, I'll just hop on the treadmill and walk for a couple hours while watching TV instead of just sitting on the couch. It's easily the best purchase I made during the pandemic. I'm not convinced the expensive peloton machines are worth it, but I'm rarely going above 9 mph so my basic one with a TV in front of it and the free peloton subscription provided by my insurance has served me very well.
Earlier quoted context omitted.
It's an academic economic term. Economic rent isn't the same as the common term. Taking a back catalog of content and charging for the right to view is a form of academic, economic rent. Licensing models, such as a video store, are frequently used as examples of rentierism. I've got zero interest getting into one of those internet "debates" where a bunch of people extremely unfamiliar with concepts flex their knowled…
> Rent seeking (or rent-seeking) is an economic concept that occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity. Are you really saying that Netflix offers no “contribution of productivity.”? Or that they don’t have any added value. If you had said that the 30% App Store fee is “rent seeking”, I would agree with you.
I have my gripes about Peloton as a former employee (left back in November 2021), but this is just a hit piece. They're taking whatever facts that conveniently fits their narrative.
So many words trying to obfuscate the simple fact that “We are a treadmill maker trying to masquerade as a tech company.”
They are a realtime content company that just happens to use technology in the same way a tv station is not a theatre troupe. Did they ever try to give the impression of being a tech company?
> which as a CEO of a technology company
The fact is. Not every company can be a $12B company. Peloton might be a super successful $1B company, who slowly tries to creep into new areas for growth. And it sounds like Blackwell understand this, and instead of pushing for Peloton to focus internally on its product and get rid of the extra fat, they want a fast sale to a not-really-smart company. So they can at least get some ROI People talk about monthly fees…
Their apparel brand is a joke. It’s run by Foley’s wife. Unless I messed something, what experience or qualification does she have in apparel? Never mind the fact that I’ve maybe seen only 3 people in the real world wearing anything that is Peloton branded (no, the free Century t-shirt doesn’t count). Personally, I find their apparel to be a little loud and obnoxious, but that’s just me. As a consumer, I don’t see wh…
The fact is. Not every company can be a $12B company. Peloton might be a super successful $1B company, who slowly tries to creep into new areas for growth. And it sounds like Blackwell understand this, and instead of pushing for Peloton to focus internally on its product and get rid of the extra fat, they want a fast sale to a not-really-smart company. So they can at least get some ROI People talk about monthly fees…
Why would Blackwell buy into a $12B company in order to make it a $1B company? It might make peleton live longer but it would lose a lot of money for their LPs
Those decisions made absolutely no sense financially, and were immediately shut down once the CEO changed. But when they were decided Wall Street was cheering them on
Earlier quoted context omitted.
In my one of my MBA classes, we were discussing, whether Peloton's original super optimistic slides were reflective of reality ( most of the class agreed, it seemed more like a niche product rather than a gym replacement or even a $300 boutique training replacement as this presentation claims ) and were comparing it to AT&T Time Warner saga. We never touched on Peloton's management, but if we did, the quotes are pret…
> it seemed more like a niche product Yes. The Peloton 'model' reminds me of the gym model, at least in the UK. You always get a bunch of people sign up in 'fat' January for 12 months. They go to the the gym for a few weeks and stop. But continue paying £50pm or whatever for the next 11 months. Peloton feels similar in that people are made to want the shiny thing in the TV adverts, find that they don't have a room wi…
Earlier quoted context omitted.
> Rent seeking (or rent-seeking) is an economic concept that occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity. Are you really saying that Netflix offers no “contribution of productivity.”? Or that they don’t have any added value. If you had said that the 30% App Store fee is “rent seeking”, I would agree with you.
Sorry, I've got lots to do today. Have a great day
FYI: I have an MBA that I never used…