In Peloton’s wild ride, a treadmill recall is one more obstacle ...Middle East

Peloton and the US Consumer Product Safety Commission (CPSC), a government watchdog agency, have announced a recall of the fitness company’s Tread+ and Tread treadmills. The decision comes less than a month after Peloton criticized the group’s April warning about the safety of its treadmills as “inaccurate and misleading.”Peloton shares fell about 13% on the news.“The decision to recall both products was the right thing to do for Peloton’s Members and their families,” Peloton CEO John Foley said in a statement. “I want to be clear, Peloton made a mistake in our initial response to the Consumer Product Safety Commission’s request that we recall the Tread+.  We should have engaged more produc

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