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I got downvoted the other day for calling Peloton a Ponzi scheme, look at the "TROUBLING INSIDER SELLING AND PLEDGING" slides and the quotes like "We have built a team that I believe is ready to run a $500 billion company. Pick a number. A FAANG-style leadership team" that the CEO was making.

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You have to be clear if you're talking about Peloton as a financial investment or as a consumer product.

As a product - there's real value there. If it's been oversold as an investment, that's a different issue.

But millions of people are willing to pay $1000+ as an initial investment, then $40/month into perpetuity. With presumably good gross margin on both.

That's a good business

Maybe from an investment point of view but the product is still solid.

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