Economy

Peloton recalls 2.2 million exercise bikes over safety hazard

Peloton is recalling 2 million exercise bicycles over safety concerns, the second major recall the fitness company has faced.

The Consumer Product Safety Commission said in a release Thursday that the bikes’ seat posts can break during use, posing fall and injury hazards to users.

Peloton has already received 35 reports of the seat post breaking and detaching from the bike during use, the CPSC said, including 13 reports of injuries that include a fractured wrist, lacerations and bruises.

‘Consumers should immediately stop using the recalled exercise bikes and contact Peloton for a free repair,’ the release said. ‘Peloton is offering consumers a free seat post that can be self-installed.’

This is not the first time Peloton has faced a widespread recall. In May 2021, it was forced to recall 125,000 of its Tread+ treadmills after a child’s death and other problems involving the machines.

Peloton’s stock was down more than 7% following Thursday’s announcement.

This post appeared first on NBC NEWS

You May Also Like

Economy

Boeing’s crew spacecraft Starliner will stay docked with the International Space Station into August, NASA confirmed on Thursday, as the mission remains on hold...

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave shows how breadth conditions have evolved so far in August, highlights the renewed strength in the...

Stock

S&P 500 pared back its intraday gain on Wednesday following a Bloomberg report that Royal Group has built a multi-billion-dollar short position in U.S....

Economy

A U.S. judge has ruled that former Bed Bath & Beyond investor Ryan Cohen can be sued by investors over a tweet he posted featuring an...

Disclaimer: Richpeoplenetworks.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 Richpeoplenetworks.com

Exit mobile version