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Congrats my friend!! Just scrambling like any other investor trying to make it to the next level!! It's one hit away!!
you seem to know the future pretty well------made a nice dime here and sld-----tmonkey
Hilarious!! Wait until it returns!! Lol!! Thanks for the laugh!!
Still no buyout, Still no interest from Nike or Amazon after those initial stories
All we can look forward to is shareholder lawsuit
Once some start quitting, more and more keep quitting, monthly fees are putting people in a budget crisis
wait til covid returns or something else-im in at $$ 5.30------tmonkey
Ouch!
It’s going to follow BBBY soon and Carvana will follow suit as the free money is about gone and all these non profitable 1 trick pony companies fail.
Peloton to pay $19 million fine over treadmill hazard -U.S. regulators
https://finance.yahoo.com/news/peloton-pay-19-million-fine-161019417.html
‘Tis the season!
GL
Someone Just turn the light off here.
Earnings tomorrow morning or tomorrow afternoon?
$PTON 9.55 best risk reward ratio on the market :)
They didn’t steal from you..you bought a business model with no PE. Now u learn. The ceo sold at 135.00. Watch filings and you will do better I. The future imo. It’s the Stock market..steal from retail who buy on the up instead of the down.
No one is coming to buy this company, it's not special in what id does
Analysts should be ashamed of their recommendations for years on this stock
Big name sports companies and internet retailers are not interested in buying this shell of a company
They can all build a better company and mouse trap
PTON always looked like a pyramid scheme to sell bikes and long term contracts
$PTON 8.93 BUY =)
A lot of Bubble Scamdemic charts out there, picture perfect example here $PTON
Fond memories of some Bloomberg pundit touting PTON as a steal at under $65 back in November 2021.
When can I get super discounted exercise equipment??
May 10 earnings, and subscriber numbers
The stock price is riding on this
And look ZERO buyout offers/interest thus far
PTON STILL SINKING $20.96 -0.81 (-3.72%)
BACK TO THE TEENS SOON!!!!!!!
This crap company owes me a couple bokes and treadmills with the money it stole from me.
PTON POS $22.08 -2.45 (-10.0%)
I wonder about subscriber numbers here
When are earnings and numbers?
With Nflx showing a drop
I wonder how many people here are trying to balance their books at home and cancel bike memberships
Bearish: "Gym Attendance Is Recovering, Other Companies Make Premium Exercise Equipment, Apple Is After Its Subscribers, And Economic Factors May Squeeze Consumer Spending."
The Most Expensive Way to Exercise?
The Rise And Fall Of Peloton:
well that rotting corpse is now 26.50
PTON IS A ROTTING CORPSE!!!!!!
Too many Chiefs, not enough sales or interest
and as they hire more up top, they fire more down below
PELOTON EXPANDS LEAD TEAM WITH HIRE OF ANDREW RENDICH AS CHIEF SUPPLY CHAIN OFFICER AND PROMOTION OF SHARI EATON TO CHIEF PEOPLE OFFICER
Who is buying this junk? It’s only got one way to go.
Those were just rumors to pump the stonk.
I'm expecting more dropping tomorrow. Mine expire tomorrow as well
Good stuff me too finally paying big today mine expire tomorrow so hopefully can squeeze some more out em b4 that
Exactly what I wanted. I have puts
CEO denies buyout rumors. Wonder how that's gonna affect share price
Yeah I dont see this holding up in the 30s next week. Should be back in the 20s
My 2/11 puts are toast but I'm still looking for money here. I think it's squeezing but loosing pump, just my opinion
Struggling Peloton built bike empire by bullying its competitors in court:
https://nypost.com/2022/02/09/peloton-built-empire-by-bullying-competitors-in-court-suit/
suit
By Lisa Fickenscher
February 9, 2022 5:44pm Updated
A Peloton rival accused the fitness company of squashing its competition with "baseless litigation."
The New York-based fitness brand — which on Tuesday revealed CEO John Foley will step down as it fires 2,800 workers because of plunging post-pandemic sales — amassed its outsize market share through an aggressive, yearslong legal campaign in which it attacked rivals over patents to make bikes and treadmills that enable customers to watch live instructors while working out, according to the filing.
But in one notable case two years ago, Peloton allegedly cut a secret agreement with its smaller, struggling rival FlyWheel Sports in which it paid the now-bankrupt company $24.5 million to falsely claim it had infringed on Peloton’s patents. In reality, Flywheel was in the middle of a patent review with US regulators and challenging Peloton, whose own patents were on shaky ground, according to the filing.
A shuttered FlyWheel Sports studio.
FlyWheel Sports was forced to file for bankruptcy protection in 2020 and to close all of its workout studios.
Bloomberg via Getty Images
“What Peloton really purchased was FlyWheel’s silence and cooperation,” according to the Dec. 8 filing in federal court in Delaware by Echelon Fitness, a Chattanooga, Tenn.-based bike maker that has been locked in a bike-patent dispute that was initiated by Peloton nearly three years ago.
The alleged sham agreement goes back to February 2020 when Peloton declared a “massive win” in a press release, saying it had defeated New York-based FlyWheel in a patent infringement case. Behind the scenes, however, Peloton had paid FlyWheel “an astonishing $24.5 million to settle a patent infringement suit that it brought as a plaintiff,” according to Echelon’s little-noticed filing.
In exchange, Peloton got 2,500 customers who used FlyWheel’s ‘at home’ bike streaming service. This means that if Peloton did, in fact, pay FlyWheel $24.5 million, this would total about $9,800 per FlyWheel customer. That’s despite the fact that Flywheel’s business was on its knees, having announced plans six months earlier to close a quarter of its studios.
An Echelon bike being used in a class.
Bike manufacturer Echelon has been locked in patent and trademark litigation with peloton since 2019.
AFP via Getty Images
“Peloton knew it wasn’t worth anything close to the price it paid for it,” according to the court filing.
What’s more, Echelon’s filing claims the terms of the settlement in the US Eastern District of Texas “coerced” FlyWheel’s chief financial officer, Jeffrey Naumowitz, to falsely claim that the company had “copied” Peloton’s remote streaming technology for its Fly Anywhere Bike — when in reality it was the other way around, Echelon claims in the filing.
“The declaration is false and was obtained by Peloton’s coercion,” according to the Echelon filing. “It allowed Peloton to use this admission against other competitors in the fitness market or anyone trying to enter it.”
At the time, FlyWheel was on the verge of invalidating at least one of Peloton’s patents with the US Patent & Trademark Office, according to Echelon’s complaint. Peloton didn’t want its “contrived invention story revealed,” the complaint claims, and “sought to purchase Flywheel’s silence and cooperation.”
Indeed, the $24.5 million payment was contingent upon the “dismissal” of patent reviews that would have invalidated Peloton’s patents, the filing claims.
“Peloton was desperate to close the deal [with FlyWheel] before its patents were invalidated,” according to Echelon’s filing, so that it could “keep its weak patents alive and file additional baseless lawsuits against Echelon and other competitors.”
A Peloton app on a smartphone.
Peloton’s $24.5 million settlement with FlyWheel allegedly bought Peloton some 2,500 FlyWheel customers.
SOPA Images/LightRocket via Gett
Owned by private equity firm Kennedy Lewis, FlyWheel declared bankruptcy and liquidated seven months after the February 2020 settlement with Peloton – closing its 42 studios and laying off 1,200 employees.
Kennedy Lewis and Naumowitz didn’t respond to emails and phone calls seeking comment.
Peloton did not return calls and emails for comment. But it filed a motion to dismiss the claims and denied that the declaration by FlyWheel’s CFO was false.
Echelon, for its part, argues that Peloton has a history of attacking its competitors, including SoulCycle, iFIT and Lululemon, and has used its financial muscle to fund “serial baseless litigation against its competitors to bully them out of the market.”
In its December filing, Echelon accused Peloton – which controls 75% of the connected fitness industry – of violating antitrust laws with its pattern of squashing competitors, a strategy that Foley has called a “winner take all” approach, according to the complaint.
Peloton's founder and former CEO, John Foley standing outside of Nasdaq.
Peloton founder, John Foley, is accused of trying to eliminate Peloton’s competition with a “winner takes all” approach, according to a lawsuit.
Bloomberg via Getty Images
Echelon, which filed a countersuit after being sued by Peloton in 2019, won an appeal last week with the USPTO, which invalidated two of Peloton’s patents that have been a key focus of the companies’ dispute, relating to the streaming functions on its digital screens or leaderboards. Regulators ruled that they were not patentable in the first place because they were too “obvious.”
After years of hostility, Peloton last week reached out to Echelon as part of their “ongoing negotiations” over the litigation, Echelon CEO Lou Lentine told The Post. “Peloton has a lot to do on their side of the business and they don’t have time for this litigation,” he said, declining to comment on whether the companies were initiating settlement talks.
Lentine said Peloton had “fought” Echelon to have revelations about its 2020 settlement with Flywheel redacted from court papers. “Who declares victory in a patent lawsuit and pays the violator millions of dollars?” Lentine said.
Lentine claims that Echelon — whose bikes are sold at retailers like Walmart, Dick’s Sporting Goods and Costco for $500 and up — has seen sales growth of more than 40% year to date. The company landed in an embarrassing flap in 2020 over a supposed deal with Amazon to develop a $500 “Prime” bike, which Echelon announced in a press release. Amazon denied having anything to do with the bike — which Lentine in turn disputed during TV interviews at the time.
Michael Milken bike ‘espionage’
Echelon’s latest allegations are looking to recast the odd saga between Peloton — now reportedly circled by potential acquirers including Amazon following a slew of disasters including a “Sex And the City” episode that tanked its stock — and FlyWheel, a pioneer of in-studio spinning classes that was Peloton’s earliest competitor.
Peloton’s Foley has said that his inspiration for at-home, web-enabled bikes occurred while he was taking a FlyWheel class, according to media reports. He further developed the idea after becoming friendly with FlyWheel co-founder Jay Galluzzo, whom he initially approached about investing in Peloton, according media reports.
A Peloton customer working out on a treadmill.
Peloton accused FlyWheel Sports of ripping off its technology.
Getty Images
The friendship went south when the pair became fierce competitors, with each claiming to have first come up with the idea for an at-home bike that offers live-streaming classes. Peloton was first to market with its connected bike, but FlyWheel claimed Foley “gained access to FlyWheel’s confidential information and misappropriated it as his own,” to introduce Peloton’s bike, according to Echelon’s recent filing.
SEE ALSO
Barry McCarthy
Laid-off Peloton employees crash new CEO’s first company meeting: report
FlyWheel claimed that it had a 30-page document from July 2011 – six months before Peloton was founded – that outlined all the elements necessary to develop an at-home bike that could stream videos and live classes, according to the Echelon filing and media reports at the time.
Michael Milken even made an appearance in the back-and-forth between the companies. In court papers, Peloton alleged that after investing in Flywheel, the legendary “junk bond king” approached Foley about becoming an investor in Peloton without disclosing his ties to FlyWheel — and plied him for confidential information that Milken then shared with FlyWheel, according to the Peloton complaint. Milken and Flywheel denied the allegations.
“This is like a soap opera,” said Brad Rose, a patent and trademark attorney at Pryor Cashman. “They are claiming that Peloton conspired with FlyWheel to concoct a story of validity to these patents, which is counter to what FlyWheel had been saying for years. That doesn’t happen every day.”
The allegations could also pose a risk for Peloton as it looks to wrap up any other patent litigation with competitors, Rose added.
“Peloton would lose its patent by the USPTO if someone else with a legal interest in the case could prove that it was fraudulently obtained,” Rose said. “If someone believes that patent was obtained by fraud the patent could be invalidated.”
Echelon also counts Galluzzo among its investors via private equity firm, North Castle Partners. Galluzzo, who left FlyWheel in 2014 before the Peloton litigation, declined to comment.
aaand the stonk rips towards 40 again.
I have no position here only reason it caught my attention was the 25 percent jump. But reading into it its had nothing but bad news the Last couple of days. This must be all the big whales pumping it before making an exit.Its going to be bad.
Lol no kidding.
PTON
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