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The Peloton Bike
Comments
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Brilliant rate it big time.0
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Not yet fellaguinnessaddick said:0 -
Respect from a NordicTrack fan.Maccn05 said:
Brilliant! Glad you feel vindicated.Leroy Ambrose said:
Like I said, Unicorn.Maccn05 said:
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.Leroy Ambrose said:
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).stop_shouting said:
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.Huskaris said:
A product recall is the biggest fear in almost any company.clive said:Peloton has recalled about 125,000 treadmills in the US after the death of a six-year-old child.
A US watchdog said the Tread and Tread+ machines pose a risk of injury or death to adults, children and pets if they get pulled underneath.
Tread machines sold in the UK are also being recalled because display consoles could fall off.
In addition to the death, Peloton had 72 reports of injuries such as broken bones, cuts and grazes.
Peloton boss John Foley said the firm had "made a mistake" in not recalling the machines sooner.
They'd better have good insurance or this could bankrupt them.
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.
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.1 -
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.Maccn05 said:
Brilliant! Glad you feel vindicated.Leroy Ambrose said:
Like I said, Unicorn.Maccn05 said:
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.Leroy Ambrose said:
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).stop_shouting said:
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.Huskaris said:
A product recall is the biggest fear in almost any company.clive said:Peloton has recalled about 125,000 treadmills in the US after the death of a six-year-old child.
A US watchdog said the Tread and Tread+ machines pose a risk of injury or death to adults, children and pets if they get pulled underneath.
Tread machines sold in the UK are also being recalled because display consoles could fall off.
In addition to the death, Peloton had 72 reports of injuries such as broken bones, cuts and grazes.
Peloton boss John Foley said the firm had "made a mistake" in not recalling the machines sooner.
They'd better have good insurance or this could bankrupt them.
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.
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.1 -
Great I’ll keep using it to improve my physical and most importantly my mental health and you can track the share price of that gives you a kick.
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.0 -
And as Apple continue to squeeze the life out of that marketLeroy Ambrose said:
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.Maccn05 said:
Brilliant! Glad you feel vindicated.Leroy Ambrose said:
Like I said, Unicorn.Maccn05 said:
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.Leroy Ambrose said:
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).stop_shouting said:
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.Huskaris said:
A product recall is the biggest fear in almost any company.clive said:Peloton has recalled about 125,000 treadmills in the US after the death of a six-year-old child.
A US watchdog said the Tread and Tread+ machines pose a risk of injury or death to adults, children and pets if they get pulled underneath.
Tread machines sold in the UK are also being recalled because display consoles could fall off.
In addition to the death, Peloton had 72 reports of injuries such as broken bones, cuts and grazes.
Peloton boss John Foley said the firm had "made a mistake" in not recalling the machines sooner.
They'd better have good insurance or this could bankrupt them.
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.
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.0 -
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It was not sustainable, or did you already mention that?Leroy Ambrose said:
Like I said, Unicorn.Maccn05 said:
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.Leroy Ambrose said:
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).stop_shouting said:
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.Huskaris said:
A product recall is the biggest fear in almost any company.clive said:Peloton has recalled about 125,000 treadmills in the US after the death of a six-year-old child.
A US watchdog said the Tread and Tread+ machines pose a risk of injury or death to adults, children and pets if they get pulled underneath.
Tread machines sold in the UK are also being recalled because display consoles could fall off.
In addition to the death, Peloton had 72 reports of injuries such as broken bones, cuts and grazes.
Peloton boss John Foley said the firm had "made a mistake" in not recalling the machines sooner.
They'd better have good insurance or this could bankrupt them.
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.
Cant be bothered looking.0 - Sponsored links:
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How the hell does a company like that have 2,800 employees (just 20% of its workforce) in the first place?!Callumcafc said:
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.
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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.Huskaris said:
How the hell does a company like that have 2,800 employees (just 20% of its workforce) in the first place?!Callumcafc said:
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.1 -
They go through staff like we go through owners. Tough culture by all accounts.cabbles said:
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.Huskaris said:
How the hell does a company like that have 2,800 employees (just 20% of its workforce) in the first place?!Callumcafc said:
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.0 -
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.RodneyCharltonTrotta said:
They go through staff like we go through owners. Tough culture by all accounts.cabbles said:
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.Huskaris said:
How the hell does a company like that have 2,800 employees (just 20% of its workforce) in the first place?!Callumcafc said:
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 loans1 -
I have to try and sell to them. Wise and Checkout.com seem to be the pick for the analysts at the moment0
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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.0
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Not tried it yet, but would love it if they focused on creating games. Something like Road Rash would be pretty great.0
