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This shouldn’t be news to people but it is.

Who bought some Bitcoin on Black Friday?
Ever did that??
😂😂
#Meme #MondayMotivation

Additional Posts in Consulting
RIP Hank Aaron ⚾️
What’s bonus look like for consultants at EYP?
FERRARI IS BACK
PwC pls fix

Got a random email from a supposed Amazon recruiter for a SDE position (which is not at all a fit). The email is amazon.com domain and there are no red flags in the body but it doesn't feel like an Amazon recruiter due to the tacky signature, etc. Has anyone seen this kind of cold-calling from FAANG recruiter?
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Lesson learned: if your company is in the news, revenue is down, and just hired McKinsey… probably should dust off the Rolodex
Chief
Putting lipstick on the pig before a sale
Rising Star
https://www.cnbc.com/2022/01/18/peloton-hires-mckinsey-to-review-cost-structure-as-equipment-sales-slow-.html
Chief
It doesn’t matter who the consultant was — layoffs happen when the stock loses 80%.
Chief
Anyone that reads the news KNOWS it was lol
Rising Star
It was...do you even Google, bro?
You can literally read the McKinsey deck recommending it
McK did this so another McK client can pick it up maybe? So McK makes money from both sides maybe?
I’d love for Apple’s fitness ecosystem to be better integrated with fitness equipment, but not sure they need to buy Peloton to get there. If Apple wants to build its own bike or treadmill, it can.
The pieces are already there for interoperability with other manufacturers’ equipment (GymKit), but take up seems low.
https://www.blackwellscap.com/wp-content/uploads/2022/02/BW_Peloton_Presentation_Feb072022.pdf
Ouch. Side note: I once worked for BAIRD and liked it.
Genuinely curious, why did they suddenly went downhill? Maybe not sudden but prior to all this hitting the news all I knew they were was: expansive bikes….
Rising Star
Look at their Financials. It's not sudden.