2.2 Million Peloton Exercise Bikes Recalled by seat issue

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Peloton Interactive Inc has issued a recall for two million exercise bikes due to potential safety concerns.

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The U.S. Consumer Product Safety Commission (CPSC) announced the recall on Thursday.

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As a result, shares of Peloton (NASDAQ:PTON) dropped by 7% to $6.90.

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The recall adds to the challenges faced by Peloton, as it grapples with decreased demand for its fitness equipment.

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The CPSC reported 35 incidents of the seat post breaking during use, resulting in 13 injuries.

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"Peloton has received 35 reports of the seat post breaking and detaching from the bike during use"

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"Ìncluding 13 reports of injuries including a fractured wrist, lacerations and bruises due to falling from the bike"

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"Consumers should immediately stop using the recalled exercise bikes and contact Peloton for a free repair."

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"Peloton is offering consumers a free seat post that can be self-installed."

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Created by: Fabiano Souza Images: internet / instagram

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