> Peloton has fallen because they went from a company with rapidly growing revenue to one falling revenue. Exactly. Their growth expectations were unrealistic.

> Peloton has fallen because they went from a company with rapidly growing revenue to one falling revenue. Exactly. Their growth expectations were unrealistic. They were bringing a marginally better product to a saturated market under the guise of being a tech company. They could be a good business if run lean, but they’ll never realistically command insane multiples on revenue.