Peloton Bike Recall: What to Know

Peloton Bike Recall: What to Know

Picture: Scott Heins/Getty Photographs

Apparently, Peloton-related accidents should not restricted to rich guys on TV shows. The at-home exercise firm that grew a cultlike following within the early days of the pandemic is recalling 2.2 million of its unique bikes over security considerations associated to seat posts, based on a brand new report from the Consumer Product Safety Commission.

In accordance with the CPSC, the corporate has obtained 35 complaints associated to bike posts — which maintain up seats — on its mannequin PL-01 bike (generally known as the unique Peloton), together with reviews of fractured wrists, lacerations, and bruises from falling off the bike. To get the difficulty mounted, prospects ought to contact Peloton to get a free seat submit that may be put in at residence with out a technician.

Peloton was extraordinarily profitable in the beginning of the pandemic, when hundreds of thousands had been caught at residence however keen to maintain exercising. However in 2021, as folks received vaccinated and started venturing outdoors once more, the corporate began struggling. It reported a $2.83 billion loss in 2022 and laid off 2,800 staff. Reuters reviews that Peloton’s inventory fell greater than 6 p.c following Thursday’s announcement, which is Peloton’s second important recall. In 2021, the corporate recalled 125,000 of its Tread+ treadmills after practically 30 kids injured themselves and one died on the machine. “Whereas we’re conscious of solely a small handful of incidents involving the Tread+ the place kids have been damage, every one is devastating to all of us at Peloton, and our hearts exit to the households concerned,” the corporate’s CEO on the time, John Foley, wrote to customers.

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