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submitted 3 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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[-] Nuke_the_whales@lemmy.world 52 points 3 months ago

If this shit is allowed, every other company will follow. Imagine buying a used car and getting hit up with a $1000 activation fee, fuck that

[-] filister@lemmy.world 17 points 3 months ago

Don't give them new ideas. Cars are already slowly turning into a SaaS on wheels.

[-] Angry_Autist@lemmy.world 7 points 3 months ago

Another thing I predicted a decade and a half ago that the internet of that time mocked me for...

[-] Appoxo@lemmy.dbzer0.com 2 points 3 months ago

They do. At least for optional features like Apple Car and Android Auto.

this post was submitted on 23 Aug 2024

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