In a shareholder letter released Thursday, Peloton outlined its ongoing strategy to regain its financial footing. It highlights the implementation of a new one-time “used equipment fee” of $ 95 USD / $ 126 CAD. The move is an effort to squeeze additional revenue from second-hand products, over concerns that cheaper, slightly used bikes, treadmills […]
Trade My Spin is building a business around used Peloton equipment
Peloton had one of the most turbulent half decades in tech. The home fitness firm experienced some of the industry’s highest highs and lowest lows in dizzying succession. It’s the story of buzzy startup that became the target of a cult-like following among influencers and fitness fanatics. A global pandemic shot the brand to unknown […]
Scottie Scheffler's new putter: How equipment change positioned golfer for Masters success
Scottie Scheffler enters Sunday just 18 holes away from history. After recovering from a surprise slip-up in the middle of his round on Saturday, Scheffler is in pole position at Augusta with a second green jacket on his mind. It’s rare for the Masters to begin with such a decisive favorite, but those who watched […]