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

submitted 2 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world

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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.

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[–] aaaaace@lemmy.blahaj.zone 2 points 2 months ago

Water and power still need to be reconfigured, obvs we're not there yet, but they don't contain my personal info and can't leak it.

I'm not against govt working with entities when needed, but it's become a lazy solution to outsource functions and often the blame for failure as well, rather than build a responsible solution.

It's gotten too cozy and intertwined.