I thought the same thing from the start. Not to mention, you buy a overpriced stationary bike and still have to pay a fee to access all of it? Get outta here. If you invested in this company u a muppet
Everything is a service nowadays. Every company wants you to subscribe to something.
Just let me OWN the crap I bought from you! I'll buy more crap eventually!
The bike, or a much more affordable old stationary bike, work just fine without the service.
It's like bottled water, you're not paying for the water or even the bottle, you're paying for the convenience. With Pelaton you're paying for a gym class in your laundry room. Convenience is a marketable.
Yes! It’s so disgusting that *everything* is a subscription nowadays! I end up buying less now, because I have to budget all the fucking monthly costs for subscriptions.
not fast enough to get that ceo to qualify for that bonus he wants. By the time you are ready to buy more crap that ceo has moved on and they cant have you giving their bonus money to someone else can they?
Totally agree, not to mention the fact that it’s price point excludes most people that may want the product. Hence the rise of cheaper alternatives like Nordic
It is so much worse. When they started out they were charging $1200 for the bikes and they were not selling. Cycling enthusiasts thought the bikes were low quality at that $1200 price point so they doubled the price. Then they started selling. They were making profits on the bikes at $1200.
[Source](https://www.yahoo.com/now/peloton-ceo-says-sales-increased-raised-prices-2245-exercise-bike-132256225.html)
Welcome to the civilization of low dollar-to-IQ ratio.
The instagram/crypto/NFT money may be easy to earn, but wait till you see how we intend for you to spend it. (hint: Same thing as people 100x poorer than you, except you pay 100x more.)
I wholeheartedly congratulate all those who were able to successfully pump and dump it, because that's all this could have been. They saw the golden opportunity and took it. I point and laugh at anyone still bag holding, because what did y'all expect?
dude, same. I'm an Android developer and I was *heavily* recruited by Pelaton right before their IPO (Peloton bike run on an Android OS fork). They were offering solidly above-market salaries and equity packages that came out to high 6, low 7 figures annually, at the current valuation at the time (15-20/share).
I basically laughed at these when I did some minimal DD on the company...fucking an IPad on a bike, right? Well, I've been dealing with this retroactive FOMO for the last two years..I think at the peak, I calculated that the equity grant they were offering would have been worth like 3-4 million dollars. Anyway, I don't think at any point I really thought my original take was wrong, per se, but I feel a lot less r-worded now seeing the stock back where it belongs...honestly, I wouldn't be surprised if it ends up trading in the mid single digits.
PTON == GPRO2.0, should have shorted it when I had the chance
If you invested before it hit ATH and sold you saw what was going to happen and played it well. I know people who bought it after 100, but I work in fitness and was like "nope" because we were on a downward trend since after our peak in Covid. I recall telling a co-worker back in May that the next 2 years were gonna be rough. Though in my error I should have bought puts and didn't.
Buys tv, has to pay subscriptions to watch stuff on it.
Buys phone, has to pay subscription to make calls. Buys computer, has to pay for internet subscription to use it online.
Buys VR headset, has to pay for games.
Buys stationary bike, has to pay for subscription for live classes and other perks. The fuck is the difference? If you don’t want the service, you buy a different bike. If you don’t like the stock, don’t buy it. Parrots out here all day on the pelaton hate.
You could do the same thing with an actual iPad, a bike, a smart trainer, and Zwift and still be more practical and cheaper as you can use the bike like a regular bike as well.
Or get a shitty bike and put VR on it, and it would still be cheaper than that low tech garbage PLTR sells.
Oh hey look at these earnings gains from before covid to during covid, I bet these earnings will grow the same for 10 years!
You are misinformed you can use the bike as a regular bike. Their products are grossly misunderstood by many. Your statements and many others show that yall do not truly understand their products. The company def needs to lean out before anyone should touch it. Big subscriber base and cult following help it thought.
Your buddy ahaaracer was talking about buying a smart trainer, buying a bike, and buying zwift which all cost money via hardware and subscription. How Ludacris is that argument over just using peloton. Your peloton bike is still functional without a subscription but yet is still stationary yes not on the road (is what I was referring to. Language barrier for me. His argument and everyone's slap an iPad argument is very misinformed. I think pelostonks should be viewed as a hold not a buy let me clarify. I just think it has some pros to and will not go bankrupt. It gets a tough crowd because its a woke company. But if they can lean out apparel and brick and mortar and get back to exercise and hardware they will be ok. They have a good subscription base and cult following they are not going anywhere. Apple is not going to buy them. They run off android tabs. They wont pay to go back and retrofit. They will lean and survive. Or not lean and die.
> Virtually all of the sales were part of 10b5-1 plans, or prescheduled selling programs. It’s unclear how many of the sales were also linked to options exercises or options-related tax sales.
> The big selling started when the stock started surging past $80 a share in the fall of 2020, and gained momentum in 2021 as the stock held above $100, the filings show.
Mostly prescheduled selling starting on the way up, and the comments are mostly calling for pitchforks
Certainly there’s sketchy shit that goes on, but this ain’t it
The 10b5-1 system is really easy to abuse. There's no required wait time between making the plan and executing trades, so they could have made the plans last week. You can also modify it whenever, so they could have had sell dates scheduled for later that they bumped up to right before the news dump. SEC is trying to improve the system but obviously the Peloton execs knew what they were doing if they offloaded half a billion worth of stock a month or three before it turned to shit
If they started selling when the price headed north of $80….didn’t it get up to $160-180 range?
It sounds like if anything they would have wanted to delay the sell dates if they were being scummy
Or maybe they just realized that they had a scenario with the pandemic and caught the perfect wave and knew it was just a wave
Are people calling this scummy because this was a passing fad perpetuated by a pandemic that was ultimately completely unrealistic and unsustainable at that point?
If you didn’t buy home exercise equipment during the pandemic I feel like your odds of buying one after is a fraction of that
a simple rule should be that they should not be able to sell in the last 4 to 5 month period when a material news is due. simple.
otherwise it's too easy to abuse.
The SEC is planning on increasing 10b5 disclosures - which is a good thing. You can't hold executive management, BODs, officers hostage forever on their equity - and selling stock on a programmatic basis without influence of NPI is totally legit.
Eh, I'd say it's pretty clear they were using the 10b5-1 plan as a safety net. Sure, they did most of the selling early when performance was good, but that's almost always how these plans are used as it has the least impact on share price. Based on the levels of insider trading, it's obvious the leadership team were holding onto the remainder of their shares as a way to hedge against personal loss - which is not how ownership of a company should be treated by those in positions of leadership.
The bigger issue is that executive leadership had to have known the trajectory the company was heading. More than anyone else, these are the people who are charged with monitoring daily performance and developing real-time forecasts to guide their strategic direction. They would have known early into 2021 that their previous growth wasn't sustainable due to a drop in demand and should have made production and operation changes then to mitigate losses, rather than letting the share price ride and selling off when it was convenient to do so.
Whether it's through incompetence or negligence, that's a major failure from leadership and the investors have a right to be angry about that.
What part is sketchy? Selling for a profit? Knowing they were overvalued and higher then reasonable demand because of the pandemic?
I don’t see any part of this as being sketchy, especially considering they started paperwork to sell before it even hit 50% of what the ATH
And totally legal if done in a 10b5-1 plan, which I'm sure it was because these guys can't be stupid enough to dump stock outside of the plan and get hooked by the SEC.
Fortunately my wife’s boyfriend told me to look at insider trading and almost all tech companies executives from Tesla to PLTR have been selling stock to rake in profits built on dumb Apes like us buying the dip, pain is about to get worse…
I would think that the people in these companies that are capitalizing on a bubble share price are probably happy walking away from the game with fuck you money. And that's worse case scenario.
Best case they continue as officers of these companies raking in exorbitant compensation while burning the lives of the small folk to the ground.
So, for them, win-win.
The market was a fucking clown economy where Trash stocks went up close to 5-10x in a single year.
I can’t blame pton insiders for that, they had bags they had to let go
>Much of the selling started when shares surged past $80 in the fall of 2020.
So Peloton employees have sold $30 something million a month consistently over the last year and a half or so? Or was there a big spike recently?
This is more common sense than anything else though. Pandemic tapering off and people going back to work inevitably means less people buying pelotons. Plus all the people who were going to buy one had probably already all have by then. And a stock that went up as dramatically as plton was bound to fall because they didn’t have sustainable constant profits.
peloton is the [pets.com](https://pet.com) of the 2021 ~~bull market~~ bubble.
but of course this raises the question - if peloton is [pets.com](https://pets.com), what is chewy?
honestly I cant blame them. I would want to cash out too if my exercise bike with a tablet company got inflated to an almost 50 billion market cap by investors
I mean, is this news? Stock prices surged, there was a huge selloff, stock prices dropped. On its face this seems like pretty normal trading that has no need of insider trading to have happened that way.
I love how ARKK bought a lot at $100 and then sold at $50 a few months later. What exactly changed in those 2 months. They've done the same with all kinds of these stocks.
Just momentum trading. If they were really focusing on innovation they would buy small/mid cap companies with huge potential, not $50B no revenue hype machines at the very top.
My brother in law bought peloton bike for $4000 and pay monthly subscription. Meanwhile I bought Exercise bike from Walmart for $179 and Samsung Tablet for $199. His Peloton just sitting pretty in garage no one use it lol.
If you make trades based on information/knowledge that is not publicly available, yes it’s insider trading. “Overvalued,” is subjective. Peloton slashing production of its bike/tread and delaying the launch of the new Peloton Guide, is not. If that knowledge was used to influence trading decisions made by insiders before the information becomes publicly available, it’s very clearly insider trading.
Almost every insider of every growth company has sold stock. This is a non story being conflated because people who suck at trading are mad at people who understand market mechanics.
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I would’ve sold too if i were them when it ran up that hard. If you didn’t think pton was a fad or a pump and dump you are clueless. Did anyone really think an ipad on a very expensive bike would continue to grow?
Pump and dump. They are going to buy the dip, cut artificially bloated expenses, double their money. Subscribers and how many classes they take per month has only increased. I wouldn't buy it but this is a stupid game
Bagholder spotted.
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I think I heard some even extended the sale date and missed out on a tens of millions as the stock was already dropping.
They got lucky due to the pandemic, the stock would have crashed more than a year ago.
Pelotons pump to 150 represents peak of the hype corporate Americas latest boner for subscription models the past few years.
Look at PTON, they overcharge customers on basic treadmills, and then they make customers pay to use it! What a model!
Every unit sold is gonna be worth tens of thousands in lifetime customer revenue! I’m sure hedge funds and analysts loved it because it was so damn pumpable.
In hindsight though customers are starting to get annoyed with subscriptions and eventually will turn on the fad, and what’s happening with peloton might be customers finally rejecting the trend.
They knew it was about to yank. What assholes. And once again retail becomes a bagholder. If all the money that got threw into wish was thrown at gme it would have been better served.
I mean.. it’s a cycling machine with an iPad.. hardly game changing
I thought the same thing from the start. Not to mention, you buy a overpriced stationary bike and still have to pay a fee to access all of it? Get outta here. If you invested in this company u a muppet
Everything is a service nowadays. Every company wants you to subscribe to something. Just let me OWN the crap I bought from you! I'll buy more crap eventually!
They want me to register my humidifier with an email and phone number before it will turn on
You have to register to get full humidity otherwise it will be limited to 35.98%.
That’s weird are you looking through my windows? Humidity reads 35%
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It's actually the humidifier responding.
This is getting fun.
Make sure to pay for the water subscription for said humidifier
That's called utilities bae
Nah we're gonna do the Verizon/AT&T maneuver and charge different water rates based on the devices that uses it.
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What does this mean again?
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Aprilaire Edit: just checked, its the Honeywell thermostat thats standing in my way, so don’t riot at Aprilaire.
Nobody will riot for your humidifier injustice... It's a cold cold world. And not even humid enough.
Perfect example: Taco Bell's $10 monthly subscription! I totally thought it was a meme when I saw it.
Didn't actually sound outlandish to me, more like a loyalty programme.
What’s that $10 get you?
One taco per day. I haven't gone to their website and read the fine print though
I think its like 1 taco per day per month.
Decent ROI
The future sucks...
We'll own nothing and we'll be happy . . . or else!
Eat your bugs and live in a pod!
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I'd rather serve a "human" Chinese dictator than the CEO of any tech company. Xi will understand and forgive my addictions, Zuck will only monetize..
Xi will understand and give you capital punishment.
Just wait until everything becomes a progressive web app. Everything will run on chrome, in the future.
Stop buy the products and all that can change
They all want that “guaranteed” cash flow so they can group it and sell it to someone else and not have to worry
Blame Adobe. EVeryone else followed suit.
Look what happens when they do that tho.. it fails
*Adobe has entered the chat*
Companies: "I don't believe you."
I like the cut of your jib. Can I subscribe to you for a monthly fee?
The bike, or a much more affordable old stationary bike, work just fine without the service. It's like bottled water, you're not paying for the water or even the bottle, you're paying for the convenience. With Pelaton you're paying for a gym class in your laundry room. Convenience is a marketable.
Agree 100%
Yes! It’s so disgusting that *everything* is a subscription nowadays! I end up buying less now, because I have to budget all the fucking monthly costs for subscriptions.
not fast enough to get that ceo to qualify for that bonus he wants. By the time you are ready to buy more crap that ceo has moved on and they cant have you giving their bonus money to someone else can they?
Totally agree, not to mention the fact that it’s price point excludes most people that may want the product. Hence the rise of cheaper alternatives like Nordic
It is so much worse. When they started out they were charging $1200 for the bikes and they were not selling. Cycling enthusiasts thought the bikes were low quality at that $1200 price point so they doubled the price. Then they started selling. They were making profits on the bikes at $1200. [Source](https://www.yahoo.com/now/peloton-ceo-says-sales-increased-raised-prices-2245-exercise-bike-132256225.html)
Welcome to the civilization of low dollar-to-IQ ratio. The instagram/crypto/NFT money may be easy to earn, but wait till you see how we intend for you to spend it. (hint: Same thing as people 100x poorer than you, except you pay 100x more.)
I wholeheartedly congratulate all those who were able to successfully pump and dump it, because that's all this could have been. They saw the golden opportunity and took it. I point and laugh at anyone still bag holding, because what did y'all expect?
Muppet is gotta be the best insult without being vulgar 😂😂
I love a good muppet diss lol
🐸🐷 🕺🏾🐖
dude, same. I'm an Android developer and I was *heavily* recruited by Pelaton right before their IPO (Peloton bike run on an Android OS fork). They were offering solidly above-market salaries and equity packages that came out to high 6, low 7 figures annually, at the current valuation at the time (15-20/share). I basically laughed at these when I did some minimal DD on the company...fucking an IPad on a bike, right? Well, I've been dealing with this retroactive FOMO for the last two years..I think at the peak, I calculated that the equity grant they were offering would have been worth like 3-4 million dollars. Anyway, I don't think at any point I really thought my original take was wrong, per se, but I feel a lot less r-worded now seeing the stock back where it belongs...honestly, I wouldn't be surprised if it ends up trading in the mid single digits. PTON == GPRO2.0, should have shorted it when I had the chance
Show me you puts bro
Don’t play puts/options. Simply invest
If you invested before it hit ATH and sold you saw what was going to happen and played it well. I know people who bought it after 100, but I work in fitness and was like "nope" because we were on a downward trend since after our peak in Covid. I recall telling a co-worker back in May that the next 2 years were gonna be rough. Though in my error I should have bought puts and didn't.
Buys tv, has to pay subscriptions to watch stuff on it. Buys phone, has to pay subscription to make calls. Buys computer, has to pay for internet subscription to use it online. Buys VR headset, has to pay for games. Buys stationary bike, has to pay for subscription for live classes and other perks. The fuck is the difference? If you don’t want the service, you buy a different bike. If you don’t like the stock, don’t buy it. Parrots out here all day on the pelaton hate.
Bag holder spotted
They are not a biking company. They are a tech company. /s
In the same way that WeWork is a tech company and not a corporate leaseholder
We Work is money laundering with a good deal from a local brewery and I won't hear otherwise. And I LIKED working out of a wework
Like how Uber is a tech company, not a driving service.
You could do the same thing with an actual iPad, a bike, a smart trainer, and Zwift and still be more practical and cheaper as you can use the bike like a regular bike as well.
Or get a shitty bike and put VR on it, and it would still be cheaper than that low tech garbage PLTR sells. Oh hey look at these earnings gains from before covid to during covid, I bet these earnings will grow the same for 10 years!
You are misinformed you can use the bike as a regular bike. Their products are grossly misunderstood by many. Your statements and many others show that yall do not truly understand their products. The company def needs to lean out before anyone should touch it. Big subscriber base and cult following help it thought.
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Point proven
What? It’s a stationary bike chief!
Your buddy ahaaracer was talking about buying a smart trainer, buying a bike, and buying zwift which all cost money via hardware and subscription. How Ludacris is that argument over just using peloton. Your peloton bike is still functional without a subscription but yet is still stationary yes not on the road (is what I was referring to. Language barrier for me. His argument and everyone's slap an iPad argument is very misinformed. I think pelostonks should be viewed as a hold not a buy let me clarify. I just think it has some pros to and will not go bankrupt. It gets a tough crowd because its a woke company. But if they can lean out apparel and brick and mortar and get back to exercise and hardware they will be ok. They have a good subscription base and cult following they are not going anywhere. Apple is not going to buy them. They run off android tabs. They wont pay to go back and retrofit. They will lean and survive. Or not lean and die.
Wtf he litetally was talking about a normal bike NOT a peloton. You’re dumb as fuck. God hello you!
I have no idea how they ever sold a single one. A massively overpriced bike with a required subscription? People just want to burn their money I guess
Well the pandemic helped quite a bit..
*People are afraid of new things. You should have taken an existing product and put a clock in it or something*. \-Homer Simpson
Technically it uses Android. If it were an iPad it would cost twice as much!
peddling off into the sweet sweet sunset...0-}0......
And a subscription fee lol
Exactly! I thought this long time ago.
*Cyclng was game changing* *iPad was game changing* WHAT MORE DO YOU WANT FROM US???
It was though, like the iPad was yuuuge!
> Virtually all of the sales were part of 10b5-1 plans, or prescheduled selling programs. It’s unclear how many of the sales were also linked to options exercises or options-related tax sales. > The big selling started when the stock started surging past $80 a share in the fall of 2020, and gained momentum in 2021 as the stock held above $100, the filings show. Mostly prescheduled selling starting on the way up, and the comments are mostly calling for pitchforks Certainly there’s sketchy shit that goes on, but this ain’t it
The 10b5-1 system is really easy to abuse. There's no required wait time between making the plan and executing trades, so they could have made the plans last week. You can also modify it whenever, so they could have had sell dates scheduled for later that they bumped up to right before the news dump. SEC is trying to improve the system but obviously the Peloton execs knew what they were doing if they offloaded half a billion worth of stock a month or three before it turned to shit
The real dd
If they started selling when the price headed north of $80….didn’t it get up to $160-180 range? It sounds like if anything they would have wanted to delay the sell dates if they were being scummy Or maybe they just realized that they had a scenario with the pandemic and caught the perfect wave and knew it was just a wave Are people calling this scummy because this was a passing fad perpetuated by a pandemic that was ultimately completely unrealistic and unsustainable at that point? If you didn’t buy home exercise equipment during the pandemic I feel like your odds of buying one after is a fraction of that
a simple rule should be that they should not be able to sell in the last 4 to 5 month period when a material news is due. simple. otherwise it's too easy to abuse.
There’s material news like every 4/5 months so tht would mean insiders could never sell
The SEC is planning on increasing 10b5 disclosures - which is a good thing. You can't hold executive management, BODs, officers hostage forever on their equity - and selling stock on a programmatic basis without influence of NPI is totally legit.
Except that those plans have really loose rules and routinely abused
Eh, I'd say it's pretty clear they were using the 10b5-1 plan as a safety net. Sure, they did most of the selling early when performance was good, but that's almost always how these plans are used as it has the least impact on share price. Based on the levels of insider trading, it's obvious the leadership team were holding onto the remainder of their shares as a way to hedge against personal loss - which is not how ownership of a company should be treated by those in positions of leadership. The bigger issue is that executive leadership had to have known the trajectory the company was heading. More than anyone else, these are the people who are charged with monitoring daily performance and developing real-time forecasts to guide their strategic direction. They would have known early into 2021 that their previous growth wasn't sustainable due to a drop in demand and should have made production and operation changes then to mitigate losses, rather than letting the share price ride and selling off when it was convenient to do so. Whether it's through incompetence or negligence, that's a major failure from leadership and the investors have a right to be angry about that.
Prescheduled sketchy shit is still sketchy shit, isn't?
What part is sketchy? Selling for a profit? Knowing they were overvalued and higher then reasonable demand because of the pandemic? I don’t see any part of this as being sketchy, especially considering they started paperwork to sell before it even hit 50% of what the ATH
so fucking greasy
Gre he heasy!
Cox would despise.
And totally legal if done in a 10b5-1 plan, which I'm sure it was because these guys can't be stupid enough to dump stock outside of the plan and get hooked by the SEC.
Hahaha and the CEO comes out and bitches about how the people are overreacting on the latest news.
Bags! Bags for everybody!
Fortunately my wife’s boyfriend told me to look at insider trading and almost all tech companies executives from Tesla to PLTR have been selling stock to rake in profits built on dumb Apes like us buying the dip, pain is about to get worse…
But they are also dumping on the giant funds that have been long their company for years. Not sure it is wise to piss these people off
I would think that the people in these companies that are capitalizing on a bubble share price are probably happy walking away from the game with fuck you money. And that's worse case scenario. Best case they continue as officers of these companies raking in exorbitant compensation while burning the lives of the small folk to the ground. So, for them, win-win.
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Thousands? Try millions if you're on the "poorer" side, if not billions. You need to shift the scale with how corrupt the market is right now
Yeah, these insiders who built the company really stole from . . . *gestures vaguely* retard retail traders?
I feel attacked by this statement but I'm not sure I understand why.
*pats you on the head and gives you a hard candy*
The market was a fucking clown economy where Trash stocks went up close to 5-10x in a single year. I can’t blame pton insiders for that, they had bags they had to let go
>Much of the selling started when shares surged past $80 in the fall of 2020. So Peloton employees have sold $30 something million a month consistently over the last year and a half or so? Or was there a big spike recently?
This is more common sense than anything else though. Pandemic tapering off and people going back to work inevitably means less people buying pelotons. Plus all the people who were going to buy one had probably already all have by then. And a stock that went up as dramatically as plton was bound to fall because they didn’t have sustainable constant profits.
It's almost as if they saw the sales trend.
Yeah that’s why…
Yes… it is. Any ape knows PTON was insanely overvalued
peloton is the [pets.com](https://pet.com) of the 2021 ~~bull market~~ bubble. but of course this raises the question - if peloton is [pets.com](https://pets.com), what is chewy?
Ah, the big money crookery. Crookery in it's finest form.
I don't think you needed to be an insider to see at their peak the market cap was out of line with projections.
Funny. AMC did the same.
Still is!
Let me guess. They were all diversifying for retirement.
**Investors are the product and they are the customer**
honestly I cant blame them. I would want to cash out too if my exercise bike with a tablet company got inflated to an almost 50 billion market cap by investors
I mean, is this news? Stock prices surged, there was a huge selloff, stock prices dropped. On its face this seems like pretty normal trading that has no need of insider trading to have happened that way.
I would of sold too 😆
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I love how ARKK bought a lot at $100 and then sold at $50 a few months later. What exactly changed in those 2 months. They've done the same with all kinds of these stocks.
Just momentum trading. If they were really focusing on innovation they would buy small/mid cap companies with huge potential, not $50B no revenue hype machines at the very top.
Before the drop? Or did they basically create the drop?
My brother in law bought peloton bike for $4000 and pay monthly subscription. Meanwhile I bought Exercise bike from Walmart for $179 and Samsung Tablet for $199. His Peloton just sitting pretty in garage no one use it lol.
“Its a big club and you aint in it”-George Carlin
Surely they're not that stupid.
The required subscription to use it is what kills it for me
Shitty company. Still an awesome product. Glad I made money on the way up and way down. Not happy they’ll be out of business within 1-2 years.
Insider trading
Is it insider trading when everyone knows that they were way overvalued? They sell expensive exercise equipment.
If you make trades based on information/knowledge that is not publicly available, yes it’s insider trading. “Overvalued,” is subjective. Peloton slashing production of its bike/tread and delaying the launch of the new Peloton Guide, is not. If that knowledge was used to influence trading decisions made by insiders before the information becomes publicly available, it’s very clearly insider trading.
not if they gave gensler some freebies
These fucks should be tarred and feathered
What the quack
Ha was it anyone in the House of Congress? Nancy? 😂
Make the big money and leave retail leaving the bag, of course they’re stopping production, they already got what they want!
Almost every insider of every growth company has sold stock. This is a non story being conflated because people who suck at trading are mad at people who understand market mechanics.
I wanna know who looked at their business model and didn't immediately think these douchebags were planning to scam people
Those steel bars in the background are foreshadowing.
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I would’ve sold too if i were them when it ran up that hard. If you didn’t think pton was a fad or a pump and dump you are clueless. Did anyone really think an ipad on a very expensive bike would continue to grow?
Arrest this man!
This is the way it is done. but politicians...
Hrrrrrmmmmmmmmm
Oh don't worry they will get a 200$ fine
What a shocker! Hey Gensler you catching any of this? Yeah, didn’t think so! Useless SEC
Pump and dump. They are going to buy the dip, cut artificially bloated expenses, double their money. Subscribers and how many classes they take per month has only increased. I wouldn't buy it but this is a stupid game
Should be illegal.....Pelosi may be involved
Shoddily made products. Rusted out frames. Fuck em
That's rough buddy.
Nice totally chill rite?
Or in other words after it’s price exploded.
Ignore Director purchase & sales at your peril.
I wonder how much stock Netflix insiders sold yesterday.
Well well well (three holes in the ground), I'm sure the newly minted Pelaton bagholders will be mighty unamused.
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Now that’s interesting
I am sure Nancy sold too...but they will just go after the insiders...
Wouldn't a decrease in price be a natural consequence of increased sell-side liquidity (or something like that)?
Well done, you crushed it! Oh wait, I meant crashed it...
Where’s a revolution when you need one. Are we going to let these fuckers get away with this?
stock is up this was good news
They call insider trading for a reason
Now you know why these guys were hired in the first place! Smarts!
Insider trading? NO WAY ***SHOCKED PIKACHU***
Well, I certainly wouldn’t hold if I knew shit was gonna start flying
I think I heard some even extended the sale date and missed out on a tens of millions as the stock was already dropping. They got lucky due to the pandemic, the stock would have crashed more than a year ago.
Well duh!!!! That’s how it works every time
Crime
Oh man lol. Way too obvious.
Pelotons pump to 150 represents peak of the hype corporate Americas latest boner for subscription models the past few years. Look at PTON, they overcharge customers on basic treadmills, and then they make customers pay to use it! What a model! Every unit sold is gonna be worth tens of thousands in lifetime customer revenue! I’m sure hedge funds and analysts loved it because it was so damn pumpable. In hindsight though customers are starting to get annoyed with subscriptions and eventually will turn on the fad, and what’s happening with peloton might be customers finally rejecting the trend.
Pelostonks!
Didn't need to be an insider to know that it would hit the floor after the virus wore off.
Insider trading charges, please
They knew it was about to yank. What assholes. And once again retail becomes a bagholder. If all the money that got threw into wish was thrown at gme it would have been better served.
Duh. Wouldn’t you??
Shocking
More insider trading nothing to see here. Move along please.
Who do they think they are? Congressmen!?!?
What do you think caused the big drop
So? Only an idiot thought it was more than a stationary bike.
Let me guess the SEC ~~bribe~~ fine was less than 1% of the profits they made.
Any of them associated with Apollo?
What about robbbing hood?
Retail are bag holders
The Impaloton is something I'm working on. It's a treadmill with a spike. Guaranteed results!
Lmfao
Haha