Connect with us

Hi, what are you looking for?

Fibonacci Tech News

Peloton is adding a $95 activation fee for secondhand machines

At least you get a discount on Peloton merch, too? | Illustration by Alex Castro / The Verge

Thinking of buying a secondhand Peloton machine? Well, US and Canadian customers who do will now have to pay a one-time $95 (or $125 CAD) “used equipment activation fee.”

Peloton made the announcement in its Q4 2024 shareholder letter. The fee doesn’t apply to refurbished models you buy directly from Peloton or its third-party distribution partners. The company clarified in an earnings call that this fee will be applied to folks who buy a Peloton machine directly from a previous owner.

The official reason why is so that new members “receive the same high-quality onboarding experience Peloton is known for.” That may be true, but the fee is also a way for Peloton to get a cut of secondary hardware sales. In today’s earnings call, the…

Continue reading…

You May Also Like

Fibonacci Stock News

In the previous technical note, it was categorically mentioned that while the markets may attempt to inch higher, they may not form anything beyond...

Fibonacci Investing News

Chris Edwards Many American cities need more low‐​income housing, but governments reduce supply and raise construction costs with regulations, taxes, and bureaucracy. The Wall...

Fibonacci Stock News

If you look at a chart of PLTR stock, you can see that it has had quite a ride, from its short-lived period of...

Fibonacci Tech News

Illustration by Alex Castro / The Verge The question of who gets to regulate crypto has some answers, as a judge has ruled the...