this post was submitted on 23 Aug 2024
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Peloton announces $95 “used equipment activation fee” (arstechnica.com)
submitted 2 months ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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  • Peloton is introducing a $95 "used equipment activation fee" for bikes purchased from outside its official channels in the US and Canada, aiming to boost revenue and maintain onboarding quality for new subscribers.
  • The fee has sparked criticism as it reduces the cost savings typically associated with buying secondhand equipment and diverges from practices in other industries, potentially discouraging used market purchases.
  • Peloton's hardware sales continue to decline, but subscription revenue has seen slight growth; the company still faces financial struggles despite cost-cutting measures and layoffs.
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[–] Nuke_the_whales@lemmy.world 52 points 2 months ago (2 children)

If this shit is allowed, every other company will follow. Imagine buying a used car and getting hit up with a $1000 activation fee, fuck that

[–] filister@lemmy.world 17 points 2 months ago (1 children)

Don't give them new ideas. Cars are already slowly turning into a SaaS on wheels.

[–] Angry_Autist@lemmy.world 7 points 2 months ago

Another thing I predicted a decade and a half ago that the internet of that time mocked me for...

[–] Appoxo@lemmy.dbzer0.com 2 points 2 months ago

They do. At least for optional features like Apple Car and Android Auto.