WVU Posted September 27, 2019 Report Share Posted September 27, 2019 I never heard of it until today. They do have a good business plan. If the bike wasn’t so expensive, I would give it a whirl. Quote Link to comment Share on other sites More sharing options...
WVU Posted September 27, 2019 Report Share Posted September 27, 2019 You could. One of the main selling points is the use of technology to enable classes, competitions, etc. with people all over the world.yeah, I meant specifically in Dobie’s gym. Is it hooked up to a network and people take virtual classes with other people? I could see doing it at home, but... Quote Link to comment Share on other sites More sharing options...
GreenDoberman Posted September 27, 2019 Report Share Posted September 27, 2019 I've never seen anyone use it to be honest. But then again I'm not exactly a frequent gym user these days.I know the time I tried to get the screen working, it wasn't functioning and there was a long sign up process.I gave up and used the old-school bike next to it.One thing I noticed is that it was uncomfortable as fuck. Felt like I needed real padded bike shorts to not make the seat hurt.. Quote Link to comment Share on other sites More sharing options...
mikeman Posted September 27, 2019 Report Share Posted September 27, 2019 How many people buy these contraptions and stick with it? How many of us have bought bikes, treadmills, rowing machines, etc and still use them 6 months or a year later? The answer is very few, at $2500 per, it's prob a nice unit, but they have no chance. They're losing money now ,and it wont be long till everyone who want's one, will have one, then what? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted September 27, 2019 Author Report Share Posted September 27, 2019 I never heard of it until today. They do have a good business plan. If the bike wasn’t so expensive, I would give it a whirl. they have a terrible business plan, unless it was to go public and cash out a bunch of money like fitbit/gopro and other scams anyone can go to a nearby fitness center, and use all sorts of equipment (instead of 1 thing), and have live classes for $30/month... along with pool/sauna/etc just the monthly fee for peloton, not counting the bike itself, costs more than an entire fitness membership Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted September 27, 2019 Report Share Posted September 27, 2019 have a $35 recumbent bike from craigslist. much better than an upright bike those suck. listen to a little rocky iv soundtrack and feel great. 2500 plus membership lol Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 1, 2019 Author Report Share Posted October 1, 2019 peloton really getting crushed this afternoon sitting at 22.80, down over 20% from the ipo price in just its 4th day of trading Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 10, 2019 Author Report Share Posted October 10, 2019 peloton doing ok but sdc continues to circle the drain, who knew that having uneducated sales staff pretend to be dentists and orthodontists could backfire? all 10 analysts with opinions on sdc rate it a buy! what a coincidence they were all part of the ipo... those guys should all be fired and/or locked up Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 22, 2019 Author Report Share Posted October 22, 2019 fresh new lows for pton this morning ipo of 29 and now trading at 21 Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted October 22, 2019 Report Share Posted October 22, 2019 Many of these recent IPOs suck. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 22, 2019 Author Report Share Posted October 22, 2019 Many of these recent IPOs suck. they stayed private too long and came out too high, and some are just terrible companies like sdc and pton i would be a buyer of lyft, nice move lately from 37 to 42 Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted October 22, 2019 Report Share Posted October 22, 2019 they stayed private too long and came out too high, and some are just terrible companies like sdc and pton i would be a buyer of lyft, nice move lately from 37 to 42 Not sure about LYFT. They will never make money till humans are no longer doing the driving. Quote Link to comment Share on other sites More sharing options...
tailsyoulose Posted October 22, 2019 Report Share Posted October 22, 2019 what kind of a dumbass rides a stationary bike to get in shape/lose weight anyway? fuckin useless. who are they hawking these things to? rich white suburban ladies? Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 22, 2019 Report Share Posted October 22, 2019 Not sure about LYFT. They will never make money till humans are no longer doing the driving.Except then they would have to buy and own the cars, with the resulting depreciation, maint, ins, and operating costs - none of which they pay a penny for now. Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted October 22, 2019 Report Share Posted October 22, 2019 Except then they would have to buy and own the cars, with the resulting depreciation, maint, ins, and operating costs - none of which they pay a penny for now. I think it would still be cheaper, especially when EVs get more affordable. Less wear and tear on those.Their business model today has no path to real profitability, IMO. Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 22, 2019 Report Share Posted October 22, 2019 I think it would still be cheaper, especially when EVs get more affordable. Less wear and tear on those.Their business model today has no path to real profitability, IMO.I dont know about that, the current drivers are already paying most of those costs(since they own a car anyway), buying hundreds of thousands of cars, and doing everything associated with that, costs a lot. I would compare it to owning an airline. i agree that uber and lift cannot and will not be profitable, they would have to double their fares, which would defeat their reason for existing. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted October 22, 2019 Report Share Posted October 22, 2019 I think it would still be cheaper, especially when EVs get more affordable. Less wear and tear on those.Their business model today has no path to real profitability, IMO.That seems crazy to me considering their only overhead should be app development and legal fees for market entry. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 22, 2019 Author Report Share Posted October 22, 2019 I think it would still be cheaper, especially when EVs get more affordable. Less wear and tear on those.Their business model today has no path to real profitability, IMO. that's totally not true, they will be profitable in 2021... in 2022/2023 even without driverless cars their revenue is projected to be about $6 billion, they can easily make $600 million + on that ($2/share/year) and that's a conservative estimate based on them continuing to waste money on stupid shit Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted October 22, 2019 Report Share Posted October 22, 2019 that's totally not true, they will be profitable in 2021... in 2022/2023 even without driverless cars their revenue is projected to be about $6 billion, they can easily make $600 million + on that ($2/share/year) and that's a conservative estimate based on them continuing to waste money on stupid shit That's based on price increases, which work until they don't......see what's happening to Netflix Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 22, 2019 Report Share Posted October 22, 2019 that's totally not true, they will be profitable in 2021... in 2022/2023 even without driverless cars their revenue is projected to be about $6 billion, they can easily make $600 million + on that ($2/share/year) and that's a conservative estimate based on them continuing to waste money on stupid shitMaybe, but every co has projections of good things 2-3-4 yrs out, every company. Even fucking sears always claimed the future was rosy. it's always the same thing... ooh, we just missed on rev, and our costs were a little higher than planned, we're gonna push that forecast out another year. Quote Link to comment Share on other sites More sharing options...
RealSlimShady Posted October 22, 2019 Report Share Posted October 22, 2019 Maybe, but every co has projections of good things 2-3-4 yrs out, every company. Even fucking sears always claimed the future was rosy. it's always the same thing... ooh, we just missed on rev, and our costs were a little higher than planned, we're gonna push that forecast out another year. Elon Musk style! Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted October 22, 2019 Author Report Share Posted October 22, 2019 Maybe, but every co has projections of good things 2-3-4 yrs out, every company. Even fucking sears always claimed the future was rosy. it's always the same thing... ooh, we just missed on rev, and our costs were a little higher than planned, we're gonna push that forecast out another year. lyft is exactly the opposite, just today they brought profitability FORWARD a year sears was 100 years old before they failed, people were saying that stuff about amazon/facebook/google/etc and all that did was cost you a tremendous investment opportunity the trend is your friend, and the trend is younger people all over the world using uber/lyft Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 22, 2019 Report Share Posted October 22, 2019 lyft is exactly the opposite, just today they brought profitability FORWARD a year sears was 100 years old before they failed, people were saying that stuff about amazon/facebook/google/etc and all that did was cost you a tremendous investment opportunity the trend is your friend, and the trend is younger people all over the world using uber/lyfti guess they could make a profit, it's possible, but making a couple bucks isn;t enough, you need to actually make significant money on an ongoing basis to stay in business, AND support a stock price, Quote Link to comment Share on other sites More sharing options...
GreenDoberman Posted October 24, 2019 Report Share Posted October 24, 2019 I've said this before and I'll say it again. The end game for Uber and Lyft is not carpooling rides. It's much more than that. To make an analogy, Google is more than a search engine. Quote Link to comment Share on other sites More sharing options...
mikeman Posted October 24, 2019 Report Share Posted October 24, 2019 I've said this before and I'll say it again. The end game for Uber and Lyft is not carpooling rides. It's much more than that. To make an analogy, Google is more than a search engine.So you think private ownership of cars will end and all traffic will be by summoned driverless vehicles? That's a stretch, lets see, today I took leaves to the compost place, then I popped out to the drug store, came home and went back out to hy vee, then later i returned a movie and drove a friend to the airport(who's way too cheap to use an uber). It' sounds good in theory, not so much for real people. Quote Link to comment Share on other sites More sharing options...
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