Peloton refuses to recall its Tread+ treadmill after 39 accidents. Its stock is tumbling
Peloton shares fell more than 7% Monday following an “urgent warning” from the United States government telling owners of the company’s Tread+ to stop using the machine. On Saturday, the Consumer Product Safety Commission said it has become aware of 39 accidents involving the $4,295 treadmill, including “multiple reports of children becoming entrapped, pinned, and
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