Kenzai

Ren Kuroda

Kenzai Member
Business Development

peloton

Oct 1st, 2019 at 2:48PM

I mean I guess I shouldn't lol at others' misfortune, but:
https://www.barrons.com/articles/peloton-ipo-stock-trading-51569513631

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.”

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5 comments

Jason F.Kenzai Member
about 2 years ago

I thoroughly enjoy l-ing-ol at others' misfortunes!
For example: The New York Times - We’re sorry, we seem to have lost this page, but we don’t want to lose you. Please report the broken link here.
BUUUUUUUUUUWWWWWWWWWWWAAAAAAAAAAHHHHHHHHHHHHHHAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHAAAAAAAAAA!!!!!!!!!!!!! LOL!

Sean K.Kenzai Member
about 2 years ago

That last line is awesome. Totally agree with Galloway. So many tech companies rhapsodizing bout earth, water, world peace. Have no friggin idea what their shit does. And that’s coming from a consultant.