What happened to peloton/better. Will it happen to other companies?
What happened to peloton/better, it is going to happen to other companies that grew exponentially in pandemic, ex Shopify, ServiceNow, DocuSign, Twilio, TikTok, Square, Wayfair, Compass, Spotify, Okta, Id.me, Chewy What are your thoughts blind? #servicenow #docusign #twilio #TikTok #square #wayfair #compass #Spotify #Shopify #okta #chewy #peloton #blind #blindapp #blinds #idme #tech #stock #stocks #layoff #layoffs Which company is going down(comment for other options)? Edit: going down as in will be soon having layoffs on scale like peloton/better
Peloton is a HW/Supply chain play.
Nope. peloton invested way too much in infrastructure to pump out treads and bikes. When demand fell off they were screwed.
I vote wayfair just cause I hate them. Sell particle wood furniture for oak heirloom prices
Good furnitures are so expensive in general. It’s always 2-3x what I was hoping to spend 😂
Agreed until I found ikea. Somehow they keep their prices at half what you’d expect.
Put Meta on the list. It’s begun.
Is it that bad at meta? Are they freezing hiring? ( also can I have a referral at Apple)
I dunno, it’s quite cheap right now. P/E of 16, I’m thinking about buying some.
Peloton was always just a stationary bike with an app subscription.
The Real Estste iBuyer companies will go down. Cant be going around purchasing thousands of houses at an all time high. If the bubble burts they will be whipped off Billions of cold hard cash
Opendoor you mean? Which other companies are still buying real estate?
Compass most likely. Im not sure if Zillow closed the division or just Phoenix
Where is meta
I don't think that's necessarily true, I think companies with good revenue streams can sustain. Pelaton is just an insanely expensive pike at the end of the day. I never imagined they would be this big one day while other companies on your list all seem to have solid businesses with recurring revenue. Anything could happen though.
Guys please understand the economics behind before posting random questions. Understand how businesses work. You THINK other companies you listed are purely doing business because of the pandemic - untrue. DocuSign has been there since 2003, sure pandemic fueled the growth, but isn’t the only cause of growth. And really, you think Square, Shopify, Twilio are the same ? 🙄 Totally agree stock market is run by sentiment and not my numbers if investors like you are investing.
docusign got butt hurt by the votes lol
I did lol because this is such an absurd question.
It already happened to a lot of these (Wayfair, DocuSign, my company) EDIT: I thought we were talking about the stock price dropping, not layoffs.
So these companies are almost underwater? Maybe stitch fix but I’d argue stitch fix should do better now as a reopening play?
Well, I assumed the question was about crashing stock. Our company isn’t underwater. Revenue is still growing and we are almost always profitable or near profitable. Our stock just crashed due to unrealistic expectations or optimism for our Freestyle product.