3 ms·
Peloton ipo'd at 8 billion.... literally a bike and a tablet app I wasn't around during dotcom but plenty of people my age can tell this market is absurd
by hi5eyes 7y ago
Peloton ipo'd at 8 billion.... literally a bike and a tablet app
I wasn't around during dotcom but plenty of people my age can tell this market is absurd
- comicjk 7y agoPeloton has almost a billion a year in revenue, and rising fast. I don't have a dog in this fight, but I don't see that a valuation of 8 billion is obviously wrong.
- Drdrdrq 7y agoThey are not profitable though, they are losing money [0]. It will be interesting to see if they can turn this trend around. [0] https://www.businessinsider.com/peloton-connected-fitness-files-for-ipo-2019-8 https://www.businessinsider.com/peloton-connected-fitness-fi...
- Nextgrid 7y agoYou can have infinite revenue if you sell dollar bills for $0.50. What matters is profits, not revenue, something the majority of these bullshit VC-funded startups overlook because they don't actually have a viable business model and hope for a miracle.