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Peloton's interesting -- for the audience they target they have a pretty good product (if you're setting up your road bike on your stationary trainer and signin
by mikeocool 2y ago
Peloton's interesting -- for the audience they target they have a pretty good product (if you're setting up your road bike on your stationary trainer and signing into Zwift, you're not their audience), they have a committed and paying user base, and their instructors turned into legit celebrities.
But the market decided they were going to be the next Apple, and they had a CEO stoking those flames (and killing a few kids along the way). Turns out that 2020 was not a great year to be forecasting who was going to be the next Apple (who would have guessed), and now they're paying the price.
If the market had accepted that Peloton was actually just a good fitness company they probably would have had the opportunity to be a decent company, just not the next Apple. Maybe not every company should try to pursue infinite growth.
- drivingmenuts 2y agoThey could still become the next Apple, but they have to enter a period where everyone just assumes they'll go bankrupt (because they are teetering on that edge), then hire back an old CEO who nurtures some good ideas (and does a better job of minimizing the faults and selling the strengths than Melon Husk) and magically turns them into a company whose profits are measured alongside major economies.