the peloton was back in the news cycle again over
the weekend. What was it this time? Yes
, I mean, who knew so many television shows
wanted their characters to have heart attacks on pollutants,
but pollutants volatile week ended after another character on a
television show. This one on the Showtime show,
billions suffered a heart attack while using a peloton bike
. Now peloton unlike the situation that happened with Sex
in the city, they're saying they did not give
Showtime permission to use their brand on billions. We
won't spoil the season premiere for you. But this
does come just a month after a similar scenario took
place on HBO Sex in the City reboot. A
scene that the billions character actually references in this episode
when the character says they won't go out like Mr
Big Hilton's Crazy week started with news that they might
be laying off employees, reset their production levels and
they're also cutting costs with the help of Mckinsey and
company, we should know uh, that they were
added that comment and that's in the billions episodes,
saying that they wouldn't go out like Mr Big.
They added that in post production. That was not
originally scripted and filmed originally when that happened, because
this was filmed way before the Sex and the city
reboot even came out to uh, to, to
the streamers. But by the way, there's another
report coming out that says there's an activist fund that
owns about 5% of peloton. That is basically trying
to push to get john foley the ceo out as
the head of the company and they want peloton to
be sold to a tech company, maybe an apple
, a Microsoft, Somebody else who maybe is getting
into connected exercise. I mean when is built on
, going to get some good news here. I
mean it's just the hits just keep coming here and
you just mentioned the previous headline from last week's CNBC
reporting that they're working with Mckinsey for some restructuring when
it comes to expenses. Also, the report showing
that they may actually stop the production of bikes and
treadmills because of decreased demand at this point, remember
during the beginning of the pandemic, when everybody couldn't
get their hands on a peloton, it seems that
people are kind of cooling off on those devices right
now. But the company definitely in a lot of
turbulent times. Oh, I'm not exactly this is
it a question of, did they grow too fast
? Have our changes, have, have we evolved
in terms of what we want to do in terms
of work out? We would rather go to the
gym and work out at home. And don't forget
there was that report from the sec filings last week
, john Foley and other executives sold their peloton shares
when it was$100 a share. Look on the
screen right now, what it's trading at 26 bucks
right now. I mean that is quite the,
quite the selloff that happened. All right guys