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. Email to a Friend 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 makerâs 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 inci...