https://www.vice.com/en_us/article/qjdz7v/project-magnum-flywheel-peloton-patent-lawsuit

On Wednesday stationary bike maker Flywheel emailed customers letting them know about a "difficult decision [it] had made" to shut down its at-home virtual bike service. In reality, it wasn't a decision at all, but the outcome of a wild lawsuit in which its competitor Peloton accused Flywheel of corporate espionage and intellectual property theft.

As part of the lawsuit's settlement, Flywheel admitted that it "copied elements of the Peloton bike in developing its Fly Anywhere bike" and agreed to shut down its home service. As part of the agreement, some Flywheel customers (but not those who financed their bike) can trade in their bike for a refurbished Peloton one.