Peloton shares slump after federal agency warns about treadmill risks

Peloton shares slump after federal agency warns about treadmill risks
By Kit Rees Bloomberg,Updated April 19, 2021, 1:41 p.m.
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A Peloton Interactive Inc. Tread exercise machine.Adam Glanzman/Bloomberg
(Bloomberg) -- Peloton Interactive Inc. shares fell 10% Monday after U.S. regulators warned consumers to stop using the exercise equipment maker’s Tread+ machine if there are young children or pets at home.
The advisory follows a series of accidents involving the treadmill. The U.S. Consumer Product Safety Commission (CPSC) said Saturday it is continuing to investigate incidents of injury or death related to the Tread+.
Peloton said in a statement that it was “concerned” by the commission’s warning, which it termed “misleading and inaccurate.” There’s no reason to stop using the Tread+ as long as all warnings and safety instructions are followed, it said.

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