Peloton Stock Falls as CPSC Issues Recall for 833,000 Bikes Over Safety Concerns

Peloton Interactives stock dipped 0.7% following a recall of 833,000 Original Series Bike+ models due to safety concerns raised by the U.S. Consumer Product Safety Commission.

• The U.S. Consumer Product Safety Commission has recalled approximately 833,000 units of Peloton Interactives Original Series Bike+ Model PL02 due to potential fall and injury hazards.
• The recall was prompted by reports that the bikes seat post assembly can break during use, posing significant risks to riders using the stationary bicycle.
• Customers in both the U.S. and Canada are urged to stop using the affected bikes immediately and contact Peloton for further instructions.