Lemmy Today

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@mrmanager

founded 1 year ago

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mrmanager

Buelldozer

Peloton announces $95 “used equipment activation fee” (arstechnica.com)

submitted 3 weeks ago by Yuritopiaposadism@hexbear.net to c/technology@hexbear.net

7 comments fedilink

Peloton announces $95 “used equipment activation fee” (arstechnica.com)

submitted 3 weeks ago by Bezier@suppo.fi to c/internetofshit@suppo.fi

0 comments fedilink

cross-posted from: https://programming.dev/post/18495588

Peloton is introducing a $95 "used equipment activation fee" for bikes purchased from outside its official channels in the US and Canada, aiming to boost revenue and maintain onboarding quality for new subscribers.

The fee has sparked criticism as it reduces the cost savings typically associated with buying secondhand equipment and diverges from practices in other industries, potentially discouraging used market purchases.

Peloton's hardware sales continue to decline, but subscription revenue has seen slight growth; the company still faces financial struggles despite cost-cutting measures and layoffs.

610

Peloton announces $95 “used equipment activation fee” (arstechnica.com)

submitted 3 weeks ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

106 comments fedilink

Peloton is introducing a $95 "used equipment activation fee" for bikes purchased from outside its official channels in the US and Canada, aiming to boost revenue and maintain onboarding quality for new subscribers.
The fee has sparked criticism as it reduces the cost savings typically associated with buying secondhand equipment and diverges from practices in other industries, potentially discouraging used market purchases.
Peloton's hardware sales continue to decline, but subscription revenue has seen slight growth; the company still faces financial struggles despite cost-cutting measures and layoffs.