this post was submitted on 23 Aug 2024
32 points (94.4% liked)

Internet of Shit

443 readers
3 users here now

Rules:

1. What to post?
2. Behave.

Act like a nice human being.

founded 9 months ago
MODERATORS
Bezier@suppo.fi
32
Peloton announces $95 “used equipment activation fee” (arstechnica.com)
submitted 2 months ago by Bezier@suppo.fi to c/internetofshit@suppo.fi
0 comments fedilink hide all child comments
 

cross-posted from: https://programming.dev/post/18495588

  • 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.
no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here