A product recall is the biggest fear in almost any company.
They'd better have good insurance or this could bankrupt them.
Having dabbled a bit in product recall insurance, you are quite right. I can also say with some certainty that they won’t have enough anywhere enough cover for 125k unit recalls and a death of a minor and god knows what else. Of course liability may not rest solely with Peloton. When the root cause of the issue is determined, they could have a claim against a supplier of a component part. The damage to the brand is their biggest problem and I wouldn’t want to be one of their investors or financial backers right now.
They're fucked anyway. Over-inflated price on the stock market based on hype and cretins believing that it will somehow replace gyms for the majority of people who used to go pre-pamdemic. Gyms about to reopen. No more realistic growth available to them (market saturation), Zwift probably about to go public (I'd guess at some time in Q4 this year).
It's always been a turd as a long term investment, but unlike many unicorns, it was lucky enough to ride a wave of hype and had the added benefit of the pandemic creating it a massive commercial advantage. That's done now - anyone holding stock in this long term is deluded.
Zwift is in an even worse position. The product is stagnating, there are horrendous back end issues with the core code that the game world runs on, they're pretty much at peak numbers now (or near to it), and anybody who is likely to use it has already signed up. If they push through with an IPO this year, it'll tank.
Well I for one don't share this negative opinion and hope it isn't the end for them... it's a fantastic bit of kit and the community and everything involved with it is first class. I guess some people just want everyone else to fail.
Like I said, Unicorn.
Brilliant! Glad you feel vindicated.
I however am delighted to have added the Tread to my home gym this week to sit alongside my bike.
I still love and it still suits my lifestyle perfectly.
A product recall is the biggest fear in almost any company.
They'd better have good insurance or this could bankrupt them.
Having dabbled a bit in product recall insurance, you are quite right. I can also say with some certainty that they won’t have enough anywhere enough cover for 125k unit recalls and a death of a minor and god knows what else. Of course liability may not rest solely with Peloton. When the root cause of the issue is determined, they could have a claim against a supplier of a component part. The damage to the brand is their biggest problem and I wouldn’t want to be one of their investors or financial backers right now.
They're fucked anyway. Over-inflated price on the stock market based on hype and cretins believing that it will somehow replace gyms for the majority of people who used to go pre-pamdemic. Gyms about to reopen. No more realistic growth available to them (market saturation), Zwift probably about to go public (I'd guess at some time in Q4 this year).
It's always been a turd as a long term investment, but unlike many unicorns, it was lucky enough to ride a wave of hype and had the added benefit of the pandemic creating it a massive commercial advantage. That's done now - anyone holding stock in this long term is deluded.
Zwift is in an even worse position. The product is stagnating, there are horrendous back end issues with the core code that the game world runs on, they're pretty much at peak numbers now (or near to it), and anybody who is likely to use it has already signed up. If they push through with an IPO this year, it'll tank.
Well I for one don't share this negative opinion and hope it isn't the end for them... it's a fantastic bit of kit and the community and everything involved with it is first class. I guess some people just want everyone else to fail.
Like I said, Unicorn.
Brilliant! Glad you feel vindicated.
I however am delighted to have added the Tread to my home gym this week to sit alongside my bike.
I still love and it still suits my lifestyle perfectly.
That's great. But the fact remains - hype aside - it's a spin bike. Or a treadmill. Hence the ridiculous drop in share price - which is only going to get worse as the pandemic recedes.
A product recall is the biggest fear in almost any company.
They'd better have good insurance or this could bankrupt them.
Having dabbled a bit in product recall insurance, you are quite right. I can also say with some certainty that they won’t have enough anywhere enough cover for 125k unit recalls and a death of a minor and god knows what else. Of course liability may not rest solely with Peloton. When the root cause of the issue is determined, they could have a claim against a supplier of a component part. The damage to the brand is their biggest problem and I wouldn’t want to be one of their investors or financial backers right now.
They're fucked anyway. Over-inflated price on the stock market based on hype and cretins believing that it will somehow replace gyms for the majority of people who used to go pre-pamdemic. Gyms about to reopen. No more realistic growth available to them (market saturation), Zwift probably about to go public (I'd guess at some time in Q4 this year).
It's always been a turd as a long term investment, but unlike many unicorns, it was lucky enough to ride a wave of hype and had the added benefit of the pandemic creating it a massive commercial advantage. That's done now - anyone holding stock in this long term is deluded.
Zwift is in an even worse position. The product is stagnating, there are horrendous back end issues with the core code that the game world runs on, they're pretty much at peak numbers now (or near to it), and anybody who is likely to use it has already signed up. If they push through with an IPO this year, it'll tank.
Well I for one don't share this negative opinion and hope it isn't the end for them... it's a fantastic bit of kit and the community and everything involved with it is first class. I guess some people just want everyone else to fail.
Like I said, Unicorn.
Brilliant! Glad you feel vindicated.
I however am delighted to have added the Tread to my home gym this week to sit alongside my bike.
I still love and it still suits my lifestyle perfectly.
That's great. But the fact remains - hype aside - it's a spin bike. Or a treadmill. Hence the ridiculous drop in share price - which is only going to get worse as the pandemic recedes.
And as Apple continue to squeeze the life out of that market
A product recall is the biggest fear in almost any company.
They'd better have good insurance or this could bankrupt them.
Having dabbled a bit in product recall insurance, you are quite right. I can also say with some certainty that they won’t have enough anywhere enough cover for 125k unit recalls and a death of a minor and god knows what else. Of course liability may not rest solely with Peloton. When the root cause of the issue is determined, they could have a claim against a supplier of a component part. The damage to the brand is their biggest problem and I wouldn’t want to be one of their investors or financial backers right now.
They're fucked anyway. Over-inflated price on the stock market based on hype and cretins believing that it will somehow replace gyms for the majority of people who used to go pre-pamdemic. Gyms about to reopen. No more realistic growth available to them (market saturation), Zwift probably about to go public (I'd guess at some time in Q4 this year).
It's always been a turd as a long term investment, but unlike many unicorns, it was lucky enough to ride a wave of hype and had the added benefit of the pandemic creating it a massive commercial advantage. That's done now - anyone holding stock in this long term is deluded.
Zwift is in an even worse position. The product is stagnating, there are horrendous back end issues with the core code that the game world runs on, they're pretty much at peak numbers now (or near to it), and anybody who is likely to use it has already signed up. If they push through with an IPO this year, it'll tank.
Well I for one don't share this negative opinion and hope it isn't the end for them... it's a fantastic bit of kit and the community and everything involved with it is first class. I guess some people just want everyone else to fail.
Like I said, Unicorn.
It was not sustainable, or did you already mention that? Cant be bothered looking.
How the hell does a company like that have 2,800 employees (just 20% of its workforce) in the first place?!
I'm not surprised this company is in the position it is in, they believe their own hype and grow their overheads too much thinking the only way is up.
Some of the fintechs will be interesting to watch. Massive workforce costs as they’ve gone through hyper growth, worth billions, but not yet turned a profit. I’m intrigued to see how the likes of Revolut do in the long run.
How the hell does a company like that have 2,800 employees (just 20% of its workforce) in the first place?!
I'm not surprised this company is in the position it is in, they believe their own hype and grow their overheads too much thinking the only way is up.
Some of the fintechs will be interesting to watch. Massive workforce costs as they’ve gone through hyper growth, worth billions, but not yet turned a profit. I’m intrigued to see how the likes of Revolut do in the long run.
They go through staff like we go through owners. Tough culture by all accounts.
How the hell does a company like that have 2,800 employees (just 20% of its workforce) in the first place?!
I'm not surprised this company is in the position it is in, they believe their own hype and grow their overheads too much thinking the only way is up.
Some of the fintechs will be interesting to watch. Massive workforce costs as they’ve gone through hyper growth, worth billions, but not yet turned a profit. I’m intrigued to see how the likes of Revolut do in the long run.
They go through staff like we go through owners. Tough culture by all accounts.
Revolut is known for its toxic culture, they pay well and burn people out. Their also rolling in SoftBank money, so no chance of going bust soon.
Monzo are operating week to week making profit, starling are profitable, but that might be a bit fake as it’s driven by bounce back loans
Anyone tried one of the new Lanebreak rides? Not sure myself, at the moment. Feel it needs a leader board. I will give it a few more goes. As someone who only does 15 and 20 minute scenic rides it might be a nice change one or two times a week.
Comments
I find it puzzling your so keen to kick something that provides so much benefit to so many.
I’m not bothered about the cost, it’s not an issue for me more that I get the benefit out of it which I massively do.
Cant be bothered looking.
I'm not surprised this company is in the position it is in, they believe their own hype and grow their overheads too much thinking the only way is up.
Monzo are operating week to week making profit, starling are profitable, but that might be a bit fake as it’s driven by bounce back loans