Demand for Peloton is dropping as exercisers return to the gym. The company has now announced major layoffs, and its CEO is stepping down.
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Yeah at what point did they miss people have to get out of the house. Or did everyone reach their weight loss goal. They forgot people buy these bikes but have no commitment.
I wrote the CEO a letter in 2020 on how they could expand the business significantly. Maybe it was too out of the box. Never received a response. So I sent them a video on it a couple weeks ago. Guess we’ll see what happens now with all these changes.
Yeah, everybody who wanted one got one. Poor people. No money.
This company been dead for awhile. Like who buys 2000 dollar thread mill for personal use. They need to sell it at prices in-line with the competitors.
Anybody who didn't think Peleton was a flash in the pan obviously has more dollars than sense.
They should focus on manufacturing and designing real bicycles.
The toilet bowl circles under Democrat rule. Get ready, it's only going to get worse with these clowns.
I thought bikes were much cheaper.
😂🤣😂🤣
Never trust an overvalued and overhyped company the media likes to suck up to
Laying off people in such times it's going to be difficult for people to survive especially when there's inflation
I hope they would find other opportunities
Wow, maybe they should make actual bikes for a sixteenth the price of that stationary, useless, house clutter huh?
Someone will buy them up you watch!
And just like that….Peloton plunges. Thanks, Chris North.
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Good news for investors