The company behind the trendy connected-fitness gear has a lot more in common with the market darling of streaming-video services than you probably think.

Comparing Peloton  (NASDAQ:PTON) to Netflix (NASDAQ:NFLX) may seem like a ridiculous exercise, figuratively speaking. Peloton is a high-end platform for interactive treadmill and stationary-bike workouts. Netflix is the streaming-video platform for the masses. However, if you’ve taken a Peloton class and witness the thousands of people participating on a livestream, they really are similar.

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