"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.
    • catloafEnglish
      9·
      25 days ago

      To you. Not to the people that they’re trying to impress.

      • solrize@lemmy.worldEnglish
        31·
        25 days ago

        Yeah I guess I’m showing my age. Still though, there must have been other fancy bikes after I got out of highschool.