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Peloton’s former billionaire CEO says he’s lost all his money and had to sell his possessions
(finance.yahoo.com)
this post was submitted on 28 Aug 2024
423 points (92.4% liked)
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Dude was never a billionaire to begin with. Peleton stock was vastly over valued by hype and was going to come crashing down sooner than later. Just another company that tried to sell itself as a tech company without making actual groundbreaking tech.
I could never figure out how they sold a bog standard exercise bike with a crap tablet attached to it, and people just the money at them.
Don't forget the death trap treadmill that got recalled because it sucked pets and small children underneath https://news.sky.com/story/stop-using-peloton-treadmills-if-you-have-children-or-pets-us-officials-warn-12278860