Technology

Why are we comfortable with not owning the things we buy :/

This is about an exercise bike, right? Why the heck is there so much nonsense surrounding it?

Yeah I mean I'm not surprised that this business is failing. It always just seemed like a worse and more expensive version of something that was always inherently pretty boring.

So they lost resale value and will have more trouble selling new hardware as well?

Company: we're limping, how can we recover and pick up the pace?

CEO: How about we shot ourselves on the foot?

Company: die

CEO: Why would customer do this to us?

If this shit is allowed, every other company will follow. Imagine buying a used car and getting hit up with a $1000 activation fee, fuck that

The tech world has become and endless conveyor belt of stupid greedy miseries.

No subscription-based company products should be in public schools. That would stop with inculcating model acceptance.

No federal agency should be using any subscription product, including any cloud products. Public data should not be capable of being held hostage or monetised.

Both are a waste of public funds and set a bad example.

We can put marketing teams in the fields and mines doing honest toil.

So you're saying there will soon be a scene dedicated to cracking Peloton software.

Cuz that's what I'm hearing.

Don't Tesla do the same bullshit? If you paid for some feature then sell the car, the new owner has to pay for it again?

This shit should be illegal.

This is basically admitting that consumers don't actually value their subscription service for the cost. If users were buying used bikes and signing up for subscriptions Peloton would be thrilled, they would do everything that they could to encourage that like free trials. But it must be that most people who buy used bikes don't find the subscription worth it and cancel within a few months. Adding this fee both extracts more money and creates a sunk cost fallacy that will cause them to go longer before cancelling.

If the product sold itself they would just let people pay them subscriptions, its basically free money.

Is this like an.... idiot tax?

I predicted Peloton's failure on launch, two of my cryptobro friends laughed and dumped semi serious money into it.

LOLLLLLLLLLLL

Wife and I bought a Peloton. It works well, we love it. I'm going to cancel the subscription and just use the damn thing without attending the classes etc like an old school stationary bike.

Sucks bc I enjoy a couple of the classes but this is BS

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.

Uh... what? No

For a subscription fee of [+$5/six months] your brand new pair of Peloton Underwear™️ won't shit themselves.

I recently read that a baby crib did the same thing they charge an activation fee after it’s sold. First we had subscriptions now we have reselling activation fees. It’s just another way to get a little bit more money.