lol. Yeah, ever since they've been tanking people have been asking for some activist to do something like get them sold. I was hoping the leak about them getting sold would take a while longer and the stock would tank more. They don't have a new pandemic-induced lockup to lift their prices anymore and the people willing to buy the bikes have already bought them, I guess. The people who don't want to spend that much money an exercise bike wait for them to show up 2nd hand. The people who don't want to pay a monthly fee to have someone yell at them just buy a normal exercise bike for a ton less. I know Apple probably wants to dabble more into the health arena, but I'm trying to figure out wth this gives Amazon. Hell, I'm not even sure what it gives Apple, but who knows.
PTON makes far more sense for AAPL since it's pretty much ipad connected to a stationary bike. Picked up a little bit more of PYPL, I feel like they've done a poor job of explaining the move away from eBay
Yeah, that was the original premise for taking them over that had been rumored in the past. And then Peleton did seem like the "Apple of Exercise Equipment". lol.
Tempted to buy some PYPL after it made some good money earlier, but still kind of scared. lol. I've been bargain shopping this mess. Will continue to do so the next few weeks. There may be a lot of stuff out there being thrown out sympathetically (and algorithmically). I'm trying to stay away from stuff that have earnings coming up because if they're not saying they're blowing out earnings and reporting great guidance, it looks like they're getting eviscerated. Got into NVDA and added to my AMD position lower, but am looking at other semiconductor plays for the future. On a side note, good to see CD rates going up... *snicker*.
@Dr of Dunk It's not suspicious at all right that the rumor was released just a few days before their next earnings date?
I think pretty much everything in the world is suspicious nowadays. lol. Just heard Nike may be making a bid, too. Damn. Hope that doesn't kill my NKE stock that's been pretty "blah" for a year.
Peloton fired 2,800 employees and gave them free Peloton memberships https://www.theverge.com/platform/amp/2022/2/8/22923480/peloton-severance-package-membership-layoffs
Got rid of their CEO, too. I guess we shoulda bought for the short squeeze. I think that stock's up something like 50% the past couple of sessions.
Dude even has a MBA from Harvard..lol. Another case of education doesn't mean you know sh**..or how to run a company..
The best thing about that whole Peleton thing is ... why on earth would you hold this meeting before the old employees are let go and/or why would they still have access to the meeting : Fired Peloton employees crash new CEO’s first all-hands
