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Peloton announces $95 “used equipment activation fee” (arstechnica.com)

submitted 3 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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[–] aaaaace@lemmy.blahaj.zone 52 points 3 months ago (8 children)

The tech world has become and endless conveyor belt of stupid greedy miseries.

No subscription-based company products should be in public schools. That would stop with inculcating model acceptance.

No federal agency should be using any subscription product, including any cloud products. Public data should not be capable of being held hostage or monetised.

Both are a waste of public funds and set a bad example.

We can put marketing teams in the fields and mines doing honest toil.

[–] Appoxo@lemmy.dbzer0.com 1 points 3 months ago

Thing is cloud stuff does cost money to run. In the end even electricity is a subscription.

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