You can’t tell the difference between an inside bike with on demand training programs and a 70s bicycle?
1 will get you across town and 1 won’t?
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he said ‘make bicycles’ not ‘make special peletons’ and when one is in rome one does not investigate the matter further
you guys are triggering ocd by making me double check the spelling of peloton over and over
i still dont know
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it’s not a real thing it doesn’t have a real spelling
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It’s worth noting that I think paying more than 20x earnings for almost any business is idiocy (there are exceptions but they are very rarely selling at valuations >1B). Especially if it’s leveraged up to the eyeballs. I think the high flying super trendy stock of the day is a ridiculously terrible -EV bet (either direction too) that no one should give any action to. I’ve felt this continuously about every high flying super trendy stock of the day since before the dotcom bubble popped.
So no I won’t be accepting that my side is defending Peloton lol. I think every stock like that is a scam in the sense that most forms of -EV gambling are a scam. My problem with crypto is that on a structural level I do not understand the value proposition and this is after trying hard to understand the value proposition.
I don’t have the same struggle with Peloton. I know what it’s providing, I just think the betting lines on shit like that are always comically stupid and some of the worst betting lines available anywhere on anything.
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stfu gamestop and tsla are definitely undervalued
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:copium:
More than 80% of Alphabet’s revenue comes from Google ads, which generated $147 billion in revenue last year.
How much of that is for scam ads?
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$146.9 Billion
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UP still has a not insignificant amount of money that google ads straight up stole from us - guess it’s a pretty common thing too. support is nonexistent. seems like a feature not a bug.
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Surprised there is not a John Oliver video for magic diet pills, dating courses and how to become a day trader earning millions in 2 hours a day.
Because these crypto funds dupe retail investors by putting out sales pitches:
- Banks are not your friends.
- Safe 8%+ returns. 18% returns in anchor.
- Money sitting in your bank account is being stolen by inflation, put your money with us and earn 8%+.
- Centralized finance is a scam! Decentralized finance is the future.
Which gives a raging hard on to a certain subset of retail investors that are unsophisticated. You have to assume 90%+ of crypto investors are not sophisticated at all so they fall for these scams easily.
in banking there’s tons of legal or quasi legal scams out there. look at payday loans or the crap they were doing with penny stocks back in the day for retail investors.
I had a friend who was investing in some kind of lendingfi thing.
It seemed pretty enticing. He tried a few hundred. Got paid the interest promised. So tried some more. Got paid. Etc. The feedback loop is pretty dangerous because it makes it seem like each bet is a good one.
I spent a good couple of days trying to convince him to stay away. I’m scared to go back and check on him. Because it will seem like an “I told you so”.
Payday loans ON THE BLOCKCHAIN is now my lifelong goal.
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Maybe the only way you could deliver on the pie in the sky returns promised by the defi gang is by selling payday loans 