Peloton is recalling all of its treadmill machines due to safety concerns, the company says.
Peloton shares closed down nearly 15 percent on Wednesday, shaving $4 billion off the company's market value in just one day.
."CPSC staff believes the Peloton Tread+ poses serious risks to children for abrasions, fractures, and death. In light of multiple reports of children becoming entrapped, pinned, and pulled under the rear roller of the product, CPSC urges consumers with children at home to stop using the product immediately," according to an April
press release.While Peloton said at the time that it was"shocked and devastated" to learn about the child's death, it slammed that report as"inaccurate and misleading.""There is no reason to stop using the Tread+, as long as all warnings and safety instructions are followed," the company
.On Wednesday, Peloton CEO John Foley revised the company's position."The decision to recall both products was the right thing to do for Peloton’s Members and their families," Foley said."I want to be clear, Peloton made a mistake in our initial response to the Consumer Product Safety Commission’s request that we recall the Tread+. We should have engaged more productively with them from the outset. For that, I apologize." headtopics.comRead more: NBC News »
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If ur kid dies from one of these it probably deserved it. Best to weed em out early Your new name shall be 'Mudd.' Seems like almost any engineer in the world could figure out a way to make this more safe, I could. A good one could even still preserve whatever deliberate 'iconic design' they have going on, doing so.
Peloton Recalls All Treadmills Following Child Death, CPSC WarningPeloton is recalling its treadmills citing major safety concerns, and following the death or one child and several reported injuries. No way... poor parents ... Should’ve recalled it the first time, this is why we continue to have human error because people see money over human lives. From the video it was so easy to turn the machine on so they might want to come up with a design where there’s a key or a code to be punched in before
Peloton unveils treadmill safety fixes as recall hits sales forecastPeloton Interactive Inc (PTON.O) on Thursday estimated an about $165 million hit to current-quarter revenue from a recall of its treadmills as the company laid out steps to improve the safety of the equipment. I never got one because I don't have a million dollar view like in the commercials... I'd just be looking a my 80 year neighbor in her tube top smoking cigars
Peloton recall to cost company $165 million in lost salesPeloton is estimating its treadmill recall will cost the company about $165 million in lost revenue during the the current quarter, and result in a $16 million hit to its profits. Gee, will Peloton’s husband buy them a machine that teaches them safety and laws about safety? Just to firm them up on that, cause they are not looking good...... Why would you let your kids near you when you are on ANY treadmill? Ya well, a kid died so .... Plus, do some testing
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Over 220,000 smoke alarms recalled for risk of failing to alert people to a fireThe recall covers about 226,000 units, according to the U.S. Consumer Product Safety Commission. Where they installed in theaters that could possibly be crowded? As well as the false alarms!!