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Peloton announces $95 “used equipment activation fee” (arstechnica.com)

submitted 2 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

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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.

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[-] rottingleaf@lemmy.world 2 points 2 months ago

let execs get out of the market,

A new business architecture without this particular flaw seems to be in pretty capitalist demand today.

Maybe something about conflict of interest being illegal for such positions. Maybe just cooperatives with modern technologies to help make them more organized.

this post was submitted on 23 Aug 2024

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