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"groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 13:07:04.396+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "60ab20c2-ef5c-461f-af32-6211f49179b2", "parentComponentId": null }, { "bbox": { "h": 0.25, "w": 0.41, "x": 0.55, "y": 0.66 }, "kind": "image", "text": "Instructors Instagram Followings", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Icon grid", "slug": "icon-grid", "status": "active", "canonId": "019de52c-fdfe-749d-9990-1db465a3eed4", "version": 1, "description": null }, "framework": null }, "subkind": "icon-grid", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 13:07:04.396+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", 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Frequency of workouts has increased, reflecting customer satisfaction. The platform has a social aspect, so satisfied customers are likely to refer friends. This virtuous circle that allows company to invest in more content and the social aspects of the platform", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 13:07:04.396+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "626f8bd1-88bc-4c6d-9dbe-0a4e413d3518", "parentComponentId": null }, { "bbox": { "h": 0.02, "w": 0.3, "x": 0.175, "y": 0.955 }, "kind": "source-note", "text": "Source: Company filings and Instagram. 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Consensus data from CapitalIQ. Company closing stock price trading session as of February 4, 2022, per Bloomberg. Note: Based on net debt of $711 million and 333 million shares outstanding.", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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"action-title", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 13:07:04.884+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "bf9e4753-0bfa-4d12-a3f1-b2480558a794", "parentComponentId": null }, { "bbox": { "h": 0.04, "w": 0.56, "x": 0.22, "y": 0.05 }, "kind": "title", "text": "PELOTON STOCK IS UNDERVALUED: EV/REVENUE", "attrs": null, "canon": { "kind": { "name": "Title", "slug": "title", "status": "active", "canonId": "019de52c-f7dd-76d9-b848-b1f12bd85cf4", "version": 1, "description": "Slide title or headline." }, "tool": null, "subkind": { "name": "Headline", "slug": "headline", "status": "active", "canonId": "019de52c-fae1-7463-9a7c-d60668eced0d", "version": 1, "description": null }, "framework": null }, "subkind": "headline", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 13:07:04.884+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", 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Inadequate Shareholder Rights: Peloton's governance structure frustrates accountability and lacks basic protections. The Company's corporate governance scores are among the worst in corporate America.", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 13:07:21.239+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "782bee34-7e92-4b5f-9afc-c44e6ac4a891", "parentComponentId": null }, { "bbox": { "h": 0.1, "w": 0.9, "x": 0.05, "y": 0.35 }, "kind": "list", "text": "2. Lack of Board Independence: Directors have prior or current relationships that impair effective oversight.", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 13:07:21.239+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7da62e6c-14bf-44fc-a05f-e567c3d07195", "parentComponentId": null }, { "bbox": { "h": 0.1, "w": 0.9, "x": 0.05, "y": 0.78 }, "kind": "list", "text": "5. Pay-for-Performance Misalignment and Poor Compensation Plan Design: There is no performance-based compensation within any of the executives' compensation plans.", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 13:07:21.239+00", "model": "google/gemini-3.1-flash-lite-preview-20260303", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "838914b8-2fa2-4d53-b503-6e4bb4f7cd17", "parentComponentId": null }, { "bbox": { "h": 0.12, "w": 0.9, "x": 0.05, "y": 0.63 }, "kind": "list", "text": "4. Misalignment of Executive Economic Interest: The Company's dual-class share structure decouples economic interests from voting interests. 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Troubling Insider Selling and Pledging: Insiders have sold more than $700 million in shares since Peloton's IPO. 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