News for hackers. Stuff that matters.

A comment on Peloton Confidentially Files Statement for Proposed IPO. Parent comment

Re:Peloton Confidentially Files Statement for Proposed IPO by smacktoward on Wednesday June 05, 2019 @03:03PM (#20107998)
> How many people are willing to spend thousands on an exercise bike?

In an age when wealth is highly concentrated among a few people, you can make a lot of money selling those few people absurdly overpriced luxury goods.

Are there lots of them? Not really. But they have all the disposable income, so...

[ Parent | on HN ]
Re:Peloton Confidentially Files Statement for Proposed IPO by Johnny555 on Wednesday June 05, 2019 @04:23PM (#20108741)
Maybe you can make a living at selling $50,000 jewelry to the very wealthy, but I'm not sure you can make much of a living selling a $3000 bike to the 1%.
[ Parent | on HN ]
Re:Peloton Confidentially Files Statement for Proposed IPO by scarface74 on Wednesday June 05, 2019 @05:43PM (#20109482)
You're not just selling the bike, you're also selling subscriptions. On top of that, there is the gamification of competing with other people/yourself.
[ Parent | on HN ]