What do you feel about dumpster stocks like peloton, wish, nikola, hyln etc. I feel there should be legal action against peloton board/CEO/higher mgmt. First of all they are selling expensive bikes/tread equipment will very high subscription fees. Other manufacturers provide equally good quality with low fees as well as no subscription BS. Also others have been in the business for long time and there is nothing special about peloton. Higher mgmt in pton knew demand is slowing down way before and they did not tell it. That caused stock to ride to insane numbers and they cashed out. This caused retail investors with the bag. Second question is, why is it still 8B company ? when they have 0 demand, inventory sitting idle, cost reduction, production stopping , lay offs etc. Why will apple, nike pay them 8 B$. This seems to be another fake news or scam. This absolutely is no different than nikola story. Wish is bad about sending crap products. But they are trying to turn around and doing necessary efforts. They are being beaten down so heavily that it is lower than 2B company. Hyllion, lordstown, Fisker and other EV stocks are having so bad time. But i feel no one is scamming here. Peloton is a scam in my opinion.
India
4h
319
'Hindutva': The Radical Hindu Ideology That Seeks to 'Push Christianity Out of India’
Tech Industry
Yesterday
3214
What happens when most of your team is Indian?
Tech Industry
Yesterday
1826
Women, help me understand why this is inspirational
Crypto
Yesterday
660
Bought more…
AMA
Yesterday
837
PM Manager, early 40s, married and ENM (Ethical Non Monogamous) AMA
how much did you lose on PTON?
lucky to exit on profit. 09/24/2021 Sell Trade Detailsfor Sell on 09/24/2021 PTON PELOTON INTERACTIVE INC 10 $93.3526 $933.53 05/07/2021 Buy Trade Detailsfor Buy on 05/07/2021 PTON PELOTON INTERACTIVE INC 7 $83.848 -$586.94 03/25/2021 Buy Trade Detailsfor Buy on 03/25/2021 PTON PELOTON INTERACTIVE INC 3 $100.6847 -$302.05 Transactions Total$44.54