I do not live in the U.S. tell me what was wrong with them?

I do not live in the U.S.
tell me what was wrong with them?

Nothing Ever Happens Shirt $21.68

Tip Your Landlord Shirt $21.68

Nothing Ever Happens Shirt $21.68

  1. 4 weeks ago
    Anonymous

    turns out stationary bikes are boring as hell and anyone who does it for more than a couple months is moronic

    • 4 weeks ago
      Anonymous

      Stationary bikes with a fricking subscription...

    • 4 weeks ago
      Anonymous

      Stationary bikes with a fricking subscription...

      Some believed the classes would push people who signed up to stick with it and compete against each other, especially when there are leader boards.

  2. 4 weeks ago
    Anonymous

    I made a good chunk of change shorting this shit kek

    • 4 weeks ago
      Anonymous

      It was clearly a fad that only exploded because of the lockdown. Smart people did what this anon
      Did. Can’t believe I didn’t think of that. I couldn’t believe how many people were buying an overpriced stationary bike that they insanely expected users to keep paying a monthly fee to fully use

    • 4 weeks ago
      Anonymous

      Please elaborate, anon. Where was your entry? Why? Where was the stop loss?

      • 4 weeks ago
        Anonymous

        I bought 5 put contracts when the stock was around $130 per share, ym strike price was $50.00 a year out
        Literally 5 month later the price was in free fall and just the premium of my contracts where doubling every couple days so I eventually sold when the profit became too much for me to risk a potential bounce back
        picrel is about when I bought, I held through the initial rise/plateau and was in the red for a bit, but since my expiry date was so far out I stuck with my gut and sure enough it paid off.
        Made around 2 grand in total, could've made even more if I doubled down and got new contracts considering how low it is now, but I'm fine with profit and try not to fret on hindsight on unrealized gains

  3. 4 weeks ago
    Anonymous

    Seems like a good time to buy??

    • 4 weeks ago
      Anonymous

      The stock is dead. They make one limited product and it was ally hype because of covid and no gyms but now their sells are down because the people who didn't initially buy them won't buy them now. And subs are not going to go up.

      • 4 weeks ago
        Anonymous

        t. wants to make it drop more before buying in
        Im not falling for your israelite tricks

  4. 4 weeks ago
    Anonymous

    Same thing that happened to Pokémon go. Meme/fad/trend hype job. Only this was a business, with a business model that wasn’t worth what it was valued at while it was fad.

  5. 4 weeks ago
    Anonymous

    Peloton issue is during the pandemic they saw an increase in sales. Gyms closed, people could workout at home, it was fashionable, “cool”, etc. so instead of saying, yeah it’s an oddity that will soon pass, we’ll take the extra revenue for a rainy day, the execs said, “gyms will never again exist, every house in America will have a peloton, it’s gonna change the world!!!!” And the stock shot up, people made money, but then they realized the quick burst in sales had passed and they invested too much money in shit they didn’t need to. There are cheaper ways to stationary bike/treadmill/row with a tablet so they will never be big enough to justify the spike in the stock price. They are still a niche, luxury exercise company that targets upper class people who want to bike at home instead of going to a spin class. The execs who have all been since fired made a shitload if they sold even a fraction of their stocks, the company is still going to exist and will eventually be bought by a bigger company who wants to have a fitness sector to thier company and doesn’t want to build it from scratch.

    • 4 weeks ago
      Anonymous

      exactly, Nautilus/Bowflex ($NLS) did something similar, crazy gains then crashed HARD
      ty IST for convincing me to buy then drop that shit

  6. 4 weeks ago
    Anonymous

    People wanted bikes when they were stuck at home during Covid, and then decided the subscription fees were too much once the economy started tanking. Plus sales dried up once the people who were going to buy bikes bought bikes.

    They also pay their instructors like half a million to just lead live classes. They probably over spent on image.

    • 4 weeks ago
      Anonymous

      For reference, the bike is like $1500 and the sub is $40 on top of that.

  7. 4 weeks ago
    Anonymous

    Didnt have some gay shouting at you like WELL DONE YOU SMELLY FAT SHIT KEEP PUSHING YOURSELF YOU DUMB gay YES THATS IT PEDAL YOU NONCE

  8. 4 weeks ago
    Anonymous

    I work in private equity, we actually had an opportunity to invest in Peloton. For reasons to long to list, we skipped out on the investment opportunity.

    • 4 weeks ago
      Anonymous

      Get back to your slide deck, anon

  9. 4 weeks ago
    Anonymous

    same thing that happened to wework
    investors thought it was a tech company, so they valued it like a tech company, turns out the company just makes stationary bikes

  10. 4 weeks ago
    Anonymous

    Easy -
    >people buy overpriced subscription workout bikes and other bullshit from company like crazy during COVID era when they're locked indoors and are afraid to go outside
    >company blows up massively due to unusual circumstances, keeps growing as if things will never change and this is the new baseline instead of a temporary spike
    >things change and become mostly normal again
    >people start going outside again, going to gyms, wanting to leave the house
    >people stop paying $29.99/month just to watch some pre-recorded videos of a fit chick shouting encouraging slogans at you while their fat ass is dying on a shitty bike in your living room
    >subscription sales are where the bulk of the money is made, values plummet as subs are canceled
    >economy goes into turbotard mode under current old homosexual running the USA, people have less disposable income, former loyal subscribers now start cancelling subs
    >values plummet further
    >now company is over leveraged and can't possibly perform to expectations, so things keep getting worse
    Lol, this shit happened SO much the past few years. Same when I sold my small biz in 2021 - we had 2 years prior where business quadrupled due to COVID lockdown shit (I was shipping food products at the time, best place to be in), so I found a buyer and cashed in. They took it over, 6 months later it crashed and burned when the VCs who had promised something like $10 million to blow the company up big-time all pulled their cash and it collapsed as the people I sold to overleveraged themselves under assumption sales would never drop and new money wouldn't stop coming in.
    I'm angry that the stock they issued me valued at $1 mil in their company was a dead dog and could only be cashed in for about $25k before it was worthless (protip: never sign a contract that won't let you cash out stock for 6+ months from time of acquisition, because shit can go wrong fast), but I still got a nice chunk of cash and retired in my 40s. I'm cool with it.

Your email address will not be published. Required fields are marked *