OT-ish Peloton temporarily halts production of bikes, treadmills

[Ewiser]

Looks like the spin bike craze is slowing down.

https://www.engadget.com/peloton-bik...7.html?src=rss

[mstateglfr]

I would guess its also due to the rise in competition. Tons of less expensive options that offer the similar or even the same experience.

[mtechnica]

https://www.cnbc.com/2022/01/20/pelo...and-wanes.html

Thought this was interesting. I wonder if demand elsewhereis about to take a fat dump and Peloton is a canary in the coal mine, or if this really has been driven by the circumstances they say such as competition and over estimated demand.

[kppolich]

Seeing about 10 a day posted on Facebook marketplace and craigslist here in Milwaukee. Usually around $800 so it looks like people are looking to offload those otherwise expensive clothes racks and get some money back while the craze is still somewhat hot. Otherwise, my guess is recurring price for the app and such is causing some hesitation, much like Netflix constant raising of prices for the same content and function. Either way, a Peloton will always be an inside use only thing vs. an actual bike and trainer that can be used inside and out.

[mdeth1313]

OH NO! What will Howard Stern do?

[Clean39T]

Looks like its been a classic IPO "pump n' dump" -- insiders make out like bandits, second-order investors and ETFs take it in the pants..

[BumbleBeeDave]

. . . figure out why anyone is surprised by this. I called it within a few months of the pandemic start. They're gonna sell a million of 'em and then after the pandemic is over you'll be able to find them out by the curb in the rich neighborhoods with "free" signs on them.

BBD

[Hellgate]

Originally Posted by Clean39T

Looks like its been a classic IPO "pump n' dump" -- insiders make out like bandits, second-order investors and ETFs take it in the pants..

Oh come on. Ray Charles could see this coming. Anyone who has held the stock over the last year should have sold. If they didn't that's on them. This was a pure lockdown spike in business. Just like Zoom rocketing up and coming back down very quickly.

[zap]

No surprise.

[Clean39T]

Originally Posted by Hellgate

Oh come on. Ray Charles could see this coming. Anyone who has held the stock over the last year should have sold. If they didn't that's on them. This was a pure lockdown spike in business. Just like Zoom rocketing up and coming back down very quickly.

Your point?

[AngryScientist]

Could it also have anything to do with global microchip shortage?

[p nut]

Does this mean demand for bicycles is also down or on its way down?
Hopefully means more realistic prices and availability for bikes, frames and parts.

[gemship]

Originally Posted by BumbleBeeDave

. . . figure out why anyone is surprised by this. I called it within a few months of the pandemic start. They're gonna sell a million of 'em and then after the pandemic is over you'll be able to find them out by the curb in the rich neighborhoods with "free" signs on them.

BBD

Ha,ha funny guy and I wanna say absolutely right on point but....I'm not so sure the pandemic is over. Actually I was kinda thinking that just maybe the halt in production being pandemic related is because nobody wants to work???...

[Keith A]

I know they are still advertising like crazy as are their competitors.

[gemship]

Originally Posted by Keith A

I know they are still advertising like crazy as are their competitors.

Yeah that's like new car commercials they advertise like crazy on TV but hard to find at dealerships?...because of chip shortages?...I guess