I think the leadership has done an amazing job. They made something out of nothing. Selling exercise bikes for 100's of percent of markups, and then charging the clowns that buy them a subscription fee.
> they chose to make their own performance bonuses a priority over long-term business survival, by recklessly expanding during Covid
There was never going to be long term survival. Peloton was the latest 'as seen on TV' level of product, and once their 15 minutes of fame burns out, the name will be sold off to license cheap products.
> they chose to make their own performance bonuses a priority over long-term business survival, by recklessly expanding during Covid
There was never going to be long term survival. Peloton was the latest 'as seen on TV' level of product, and once their 15 minutes of fame burns out, the name will be sold off to license cheap products.