peloton
Peloton is grappling with a “significant reduction” in demand and will be instituting various halts on the production of its electric bikes and treadmills as a way to offset growing costs. There are staggered plans for Peloton’s different products, according to the documents obtained by CNBC. Peloton’s standard bikes will cease production from February to March, while the more expensive Bike+ was already halted in December and that will be continued until June of this year. Peloton’s treadmills are facing similar pauses: The Tread machine will not see production for six weeks beginning in Febr...
uInterview.com
Shares of Peloton Interactive fell 14.6% Wednesday as the company issued a recall on over 125,000 of its treadmills. This action comes in the wake of an April 17 warning by the U.S. Product Safety Commission, which revealed that a child had died after being pulled under a treadmill. The safety commission strongly advised all children and pets to stop using the exercise machine. In total, Peloton has received reports of 72 people, pets or items like exercise balls, being dragged under the back of the treadmill. Of that number, 29 were said to be children who suffered injuries, such as broken bo...
uInterview.com
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