Home workout brand Peloton announced Wednesday a voluntary recall of its two treadmill machines, citing safety concerns. Shares of the company plunged more than 12% following the move.The recall comes after weeks of meetings with the U.S.
Consumer Product Safety Commission, and is a complete 180 from the company’s initial reaction when the problems were first being reported.Peloton apologized for it’s slow response after they learned their products were linked to one death and dozens of injuries.“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+,” CEO John Foley said in a statement. “We should have engaged more productively with them from the.