this post was submitted on 23 Aug 2024
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Peloton announces $95 “used equipment activation fee” (arstechnica.com)
submitted 5 months ago by [email protected] to c/technology
104 comments fedilink hide all child comments
 
  • 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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[–] [email protected] 2 points 5 months ago (1 children)

Do you see an alternative? Each year more companies move to a subscription model, even when it doesn't make the slightest bit of sense. In many cases if you have the time to do proper research and/or a lot of technical savvy, you can find alternatives from companies no one recognizes. Most people don't have the time or know-how, and the companies that like subscription models are spending billions making sure their names are the only ones people think exist.

[–] tabular 3 points 5 months ago* (last edited 5 months ago)

Update consumer protection laws and actually enforce them. Laws that were written back when tech would come with the schematics.