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Weird. Armie Hammer has some story recently too about Poor Me All My Billions Are Gone.
I don’t believe anything a billionaire says cmon
Fucking richers
It's almost as if overpricing is bad for business, eventually.
World's smallest violin plays quietly
Womp womp
I'm not sure if i prefer this or catastrophic implosion
pretty much the future of every kickstarter product turned business that got skyrocketed to instant fame, with all subsequent investors being predatory VC funds and/or Shark Tank types (that doesn't get a unicorn buyout from deep pockets)
Original kickstarter from 2013 where 297 backers pledged $307,332 to help bring this project to life
Dude was never a billionaire to begin with. Peleton stock was vastly over valued by hype and was going to come crashing down sooner than later. Just another company that tried to sell itself as a tech company without making actual groundbreaking tech.
I could never figure out how they sold a bog standard exercise bike with a crap tablet attached to it, and people just the money at them.
Don't forget the death trap treadmill that got recalled because it sucked pets and small children underneath https://news.sky.com/story/stop-using-peloton-treadmills-if-you-have-children-or-pets-us-officials-warn-12278860