"Completely ridiculous."
  • Peloton is introducing a $95 “used equipment activation fee” for bikes purchased from outside its official channels in the US and Canada, aiming to boost revenue and maintain onboarding quality for new subscribers.
  • The fee has sparked criticism as it reduces the cost savings typically associated with buying secondhand equipment and diverges from practices in other industries, potentially discouraging used market purchases.
  • Peloton’s hardware sales continue to decline, but subscription revenue has seen slight growth; the company still faces financial struggles despite cost-cutting measures and layoffs.
  • RalphFurley@lemmy.worldEnglish
    19·
    2 months ago

    Wife and I bought a Peloton. It works well, we love it. I’m going to cancel the subscription and just use the damn thing without attending the classes etc like an old school stationary bike.

    Sucks bc I enjoy a couple of the classes but this is BS

    • barsquid@lemmy.worldEnglish
      4·
      2 months ago

      If more people were like you we wouldn’t have such shitty companies. They’d still be thirsty for every last penny but they’d know they cannot get away with it.

      • Animated_beans@lemmy.worldEnglish
        3·
        2 months ago

        I think it is the opposite. Because everyone knows they don’t need the subscription, right or wrong Peloton needs to make up for subscriptions losses by introducing these one-time fees.

        • SreudianFlipEnglish
          21·
          2 months ago

          So, you mean the proper response to the failure of a shitty business model is to introduce a worse business model?