BusinessLatest From News

U.S. agency tells consumers to stop using Peloton’s Tread+ treadmill

The U.S. Consumer Product Safety Commission on Saturday said consumers should stop using the Tread+ treadmill from exercise equipment maker Peloton if small children or pets are around. The announcement came one month after Peloton itself disclosed an accident involving the treadmill that resulted in the death of a child. Peloton called the agency’s claims inaccurate in a statement on Saturday and said there’s no reason to stop using the Tread+ if people adhere to safety instructions. Peloton’s stock price rose 434% in 2020 as people adopted the company’s products during the coronavirus pandemic as people stayed home and had limited access to gyms. Shares of Peloton fell almost 5% on March 18, the day Foley mentioned the accident in a letter.

Source: CNBC

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button