Peloton remembers the movie after denying that they were dangerous in Business and Economic News

He denied that the peloton was dangerous and is remembering his tape at less than a month for 125,000, even after he was linked to the death of the child.

Peloton is remembering his 125,000 tape recorders, which he denied were dangerous and said he would not bring them from the market less than a month after he was linked to the death of the child and the injuries of 29 others.

The company said Wednesday that it will now offer full refunds for the return of the Peloton Tread + wheels, which cost more than $ 4,200. He will also stop selling.

The U.S. Consumer Product Safety Commission warned on April 17 that people with children and pets should stop using Tread + tape immediately after a child is thrown underneath and killed.

At the time, Peloton backed down against the safety committee, saying the warning was “inaccurate and misleading” and that there was no reason to stop using the machines. CEO John Foley also said he has “no intention” of recalling tape machines.

In an appearance Wednesday, Foley apologized and “made a mistake” in the company’s first response to the security committee.

Shares of Peloton Interactive Inc., based in New York, plunged more than 10 percent to $ 86.91 after being recalled on Wednesday after announcing the second-largest decline.

The peloton is known for its stationary bikes, but about three years ago it introduced belt machines. Sales of peloton equipment have risen as those who tire out the virus during the pandemic avoid gyms and work from home. In the last three months of 2020, the company generated revenue of $ 1 billion, more than double what it had achieved in the previous year.

In all, Peloton received 72 reports that adults, children, pets or other items such as exercise balls were thrown from the ribbon list. Of those reports, 29 were children who were injured, including broken bones and cuts. A six-year-old child died.

The owners of the tape will have until November 6, 2022 to obtain a full refund of the Platoon. For those who want to save the tape, Peloton said it will take it free of charge to a room where children or pets cannot enter and will update the software as needed to unlock the password.