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Peloton replaces CEO and lays off 2,800 people

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271–280 of 353 posts

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

#271

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…

If anyone tells me how to disable Zoom incoming video to save bandwidth and avoid lag, I will give you a dollar.

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

#272
post #269

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.)

My wife got the quest 2 and initially loved it when we were on vacation back to the US at xmas. Come back here to Europe and found it's geofenced with no likelyhood of ever coming because it uses royalty based songs.

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

#273

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…

That's also been my experience. Teams is absolutely awful. It looks like it's a sharepoint messaging client (you can store files in it, make group pages), which is.. insane. I dread seeing a Teams meeting put together, because almost always, at least 1/2 of the people on it will struggle with sound, video, random crashes, and inability to share. Zoom, for the same people, on the same equipment, doesn't have any issue…

Teams tries to be Slack, Zoom and more and it's been terribly confusing and bad a few times I had to use it.

However when people in suits take decisions then "why pay for N products instead of one?" becomes compelling for many. I saw a tweet last week saying Teams have 10x user count of Slack apparently. I guess some upselling from MS who already has Office does wonders.

I didn't use Teams more than 1h at once so maybe long term it's not that bad when you learn to use it? But Zoom and Slack seem aay better products for me.

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

#274
post #77

Earlier quoted context omitted.

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…

It’s not even per bike, it’s per household. If you get the tread the subscription carries there too. So for $40 you get bike, bike boot camp, treadmill, outdoor running, running boot camp, HIIT, strength training, calisthenics, yoga, and meditation classes. Compare that to something like soul cycle at ~$30 per class or Orange theory at ~$200/mo/person

Or Apple fitness @ $10/month (per person).

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

#276

> Barry McCarthy, who served as CFO at Spotify as well as at Netflix, will take over as CEO, the company said Tuesday. A bean counter at the helm? Ok, they are done.

tidying up the finances for an eventual acquisition. as far as shareholders are concerned, looking as good as possible on paper is priority #1.

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

#277

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…

That's also been my experience. Teams is absolutely awful. It looks like it's a sharepoint messaging client (you can store files in it, make group pages), which is.. insane. I dread seeing a Teams meeting put together, because almost always, at least 1/2 of the people on it will struggle with sound, video, random crashes, and inability to share. Zoom, for the same people, on the same equipment, doesn't have any issue…

I work at a Teams co with about 60k people and vid/chat/share/etc works without issue. Issues, in my group, are extremely rare.

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

#279
post #77

Earlier quoted context omitted.

It’s not even per bike, it’s per household. If you get the tread the subscription carries there too. So for $40 you get bike, bike boot camp, treadmill, outdoor running, running boot camp, HIIT, strength training, calisthenics, yoga, and meditation classes. Compare that to something like soul cycle at ~$30 per class or Orange theory at ~$200/mo/person

Or Apple fitness @ $10/month (per person).

Apple One is $30 for an entire family. That includes full music subscription with HD audio, TV+, games, 1Tb storage and fitness+.

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

#280

Look at the bright side - they still have ability to take classes from their favorite instructors for a year! Isn't that an amazing perk for being fired? P.S. I cannot wait to hear about what actually happened to the employee stock options.

> P.S. I cannot wait to hear about what actually happened to the employee stock options.

No kidding. This might get really nasty.

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