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Like the other commenters, I had never heard of this either until reading the latest funding round recently. Here's a summary from the WSJ[1] from yesterday: >
by collinf 8y ago
Like the other commenters, I had never heard of this either until reading the latest funding round recently. Here's a summary from the WSJ[1] from yesterday:
> Peloton, founded in 2012, makes a $1,995 stationary bicycle. Most customers use the bikes at home, paying about $39 a month to stream live classes that the company produces using its own instructors. The New York-based firm, which has showrooms around the U.S., plans to launch a treadmill this fall.
Part of the soul cycle bubble as well it looks like.
[1]https://www.wsj.com/articles/pelotons-financing-round-values-stationary-bike-maker-at-4-15-billion-1533255443 https://www.wsj.com/articles/pelotons-financing-round-values...
- ryanwaggoner 8y agoWhy is it a bubble?