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Bloomberg Tech

Peloton's Rower and Web3 Meets 5G

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 20 September 2022

⏱️ 41 minutes

🧾️ Download transcript

Summary

Bloomberg's Emily Chang takes a look at Peloton's latest addition - a rowing machine - and whether it can help the fitness company rebound. Plus, T-Mobile teams up with Nova Labs to launch the first crypto-powered mobile service. 

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Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:24.0

That's Bloomberg Live.com slash sustainable Biz Singapore.

0:28.0

From the heart of where innovation, money and power collide,

0:35.0

in Silicon Valley and beyond,

0:38.0

this is Bloomberg Technology with Emily Chang. I'm Emily Chang in San Francisco and this is Bloebur Technology coming up in the next hour.

1:01.0

Could it be the secret to a peloton rebound the bike maker

1:03.7

finally debuts its long-awaited rower but what customers spark over more than

1:08.8

$3,000 for it we'll discuss. Plus Web3 meets 5G in a first of its kind deal. T-Mobile is

1:16.2

teaming up with Nobel Labs to launch the first crypto-powered mobile service.

1:20.4

We'll talk to the CEO later this hour. And how Solana is trying to tackle everyone's

1:27.0

energy crypto problems, one blockchain at a time, co-founder Anatole Yakovenko is with us. Peloton launching its long

1:35.7

awaited rower aiming to expand the fitness company's appeal and help it reverse

1:40.8

that sales slide. It'll start taking orders for the Peloton Row and begin initial

1:46.7

deliveries to U.S. customers in December. Our very own Mark Erman joins us now for more details

1:52.1

on this. So Mark you've been reporting on

1:53.7

this rower for a long time now our customers going to pay for it. I certainly think

1:59.2

Peloton has a group of consumers that want to build out their own home gym where they own a Peloton Road or they own a Peloton Bike Plus or they own a tread where they own the Peloton guide and they subscribe to their 44 dollar month package right but in? But in terms of the overall Peloton's story,

2:14.6

I don't think the road device moves the needle.

2:17.8

Right now, this is a US-only launch.

...

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