Peloton announces $95 “used equipment activation fee”

Quick Summary:

During the call, Peloton's interim CEO, Christopher Bruzzo, said that the activation fee "will be a source of incremental revenue and gross profit" and support Peloton's "investments in improving the fitness experience for our members".

The fee will apply in the US and Canada.

Peloton will start charging people a one-time $95 "used equipment activation fee" for used bikes purchased from outside of Peloton and its official distribution partners.

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Article Details

Author / Journalist: Scharon Harding

Category: Technology

Markets: United StatesCanada

Topics: Tech Peloton

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 19:43:18 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 110 words

Reading Time: 1 minutes read

Sentences: 40 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Ars Technica

News ID: 22215515

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