- Oct 1st, 2019 at 2:48PM
I mean I guess I shouldn't lol at others' misfortune, but:
And I love this from NYTimes (https://www.nytimes.com/2019/09/28/business/wework-juul-ebay-ceo.html):
Peloton bills itself as “an innovation company transforming the lives of people around the world.” The hope is that investors will focus more on that mission statement, and less on the fact that it lost $196 million in the last full year.
So far, it’s not working. Peloton started trading on Thursday and promptly fell 11 percent. Wall Street, it seems, is becoming less susceptible to the tech industry’s reality distortion field.
“Peloton is talking about delivering happiness and connecting people,” Mr. Galloway said. “No: You sell exercise equipment.”