iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
19,768 Blog Posts

Peloton is a Piece of Shit

First off, let’s get this out of the way, We Work. Piece of shit.

“A few weeks after Mr. Neumann fired 7% of the staff in 2016, he somberly addressed the issue at an evening all-hands meeting at headquarters, telling attendees the move was tough but necessary to cut costs, and the company would be better because of it,” the WSJ says in the article.

“Then employees carrying trays of plastic shot glasses filled with tequila came into the room, followed by toasts and drinks,” the profile says. “Soon after, Darryl McDaniels of hip-hop group Run-DMC entered the room, embraced Mr. Neumann and played a set for the staff. Workers danced to the 1980s hit It’s Tricky as the tequila trays made more rounds; some others, still focused on the firings, say they were stunned and confused.”

Uber is a cab company that employs kidnapping rapists. Piece of shit.

The next company to attempt to IPO is Peloton and I hate this company with every fiber of my soul.

What the fuck is the point? These bicycles have been around since the 60s, house moms taking to the bike, exerting themselves into a fucking mental illness. Now they’ve rigged these same 1970s machines up with interactive television and all of a sudden, these motherfuckers think the concept is worth over $8 billion? How about no and go fuck yourself?

Losses have recently QUADRUPLED from $48m per annum to $250m, as they attempt to scale this motherless whore into an IPO payday. Do not be fooled by the gimmick or mass promotion of this piece of utter and complete shit. I am promise you this, it will be a serial underperformer post IPO.

How do I know this?

Because the concept is moatless and also complete shit.

In other news, I sold GME for an overnight 8.6% gain.

Thus far for today

JNUG +8.3%
IAG +11.4%
GME +8.6%

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9 comments

  1. roguewave

    repo blowup
    https://www.youtube.com/watch?v=wNSsM9ugmRY

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  2. og

    Shit that gets your wife to exercise is priceless.

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  3. bennyhill

    You are wrong on Peloton. I know this because my wife and all of her friends have cancelled gym memberships and bought these things.

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    • numbersgame

      That’s because attractive, successful people with nice houses use peloton (according to the commercials…), so the quickest way to success is to buy a Pelo-bike (or whatever they are called).

      Of course, if that doesn’t get you into tip-top shape, there’s always goat-yoga.

      The bonus to all of these weight-loss miracles (and ones form decades past), of course, is that you don’t have to change any of your eating habits.

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    • Dr. Fly

      If your wife is anything like you, she’s a fucking moron.

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      • asteroids

        I explained to the wife on the way to work Peloton, Uber, Lyft, and every other IPO scam. She either laughed or couldn’t understand why people would shares in such shit. Then I explained WeWork. I then wondered if the FED was covering all these bad bets/

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      • bennyhill

        Cock

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  4. numbersgame

    Even if you beleive that Peloton is a good product/service/deal by whatever math you use, you still might want to avoid this one.

    How can they be losing money on a $2000 exercise bike?
    https://www.cheatsheet.com/health-fitness/how-much-does-a-peloton-bike-cost-and-should-you-really-get-one.html/

    Remember HMNY, STMP?

    Repeat after me: a company that makes a good product/service is not always a good long-term investment. Just avoid anythign that is the “next Netflix”

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  5. numbersgame

    another reason to buy inot to WeWe IPO (from WSJ):
    “(Neuman) still has allies among the directors and the ability to fire the entire board thanks to shares he controls that carry extra votes.”

    What is the point of having a Board of Directors that is controlled by the CEO? None.

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