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Published · transcript-backed

David Rosenthal: evaluation

10 Feb 2022 Acquired Peloton

“At first, they sort of say, oh, you people aren't using it right. It's like, well, kids are dying and getting hurt here, that doesn't matter.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
evaluation
Recorded
10 Feb 2022
Publisher
Acquired
Episode
Peloton

Transcript context

…But that's another $400 million that they announced they're breaking ground on. Yup. Again, cash outlays. Then in the spring of 2021, there's the treadmill recall and some of the tragic accidents with the treadmill. The company doesn't handle that super well. At first, they sort of say, oh, you people aren't using it right. It's like, well, kids are dying and getting hurt here, that doesn't matter. Stock drops 15% around that. They issued a mea culpa and say, you know what, we are going to play ball with the investigation. We feel super bad that we mishandled this originally.…

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