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Re:Peloton – A call for action [pdf] by PaulDavisThe1st on Thursday February 10, 2022 @04:34PM (#30292967)
IIUC, the classes/instructors are the moat.
Re:Peloton – A call for action [pdf] by tqi on Saturday February 12, 2022 @01:41AM (#30310507)
Instructors definitely are, but I think they recognize that it would be very easy to poach an instructor to jumpstart a competitor.