Calacanis: Peloton has 'Netflix-like' potential

CNBC's "Squawk Alley" team is joined by Jason Calacanis, an angel investor, to talk about why he believes in the potential of Peloton's business. Calacanis also discusses his view of Nikola. Peloton is such a fabulous value proposition, Calcanis says. We'll see the million subscribers go to 10 million. The stock also has tailwinds because of people leaving the city and having more space for exercise equipment, he adds. The company has an Apple vibe.