Tech / Market

Some Peloton customers say they have 'no intention' of returning recalled treadmills despite a child dying and several others being injured during use

Posted On: Jun 12, 2021   |   Posted By: Business Insider

Some Peloton customers say they have 'no intention' of returning recalled treadmills despite a child dying and several others being injured during use

Summary List Placement News of Peloton recalling its high-tech treadmills sent shockwaves around the market Wednesday, wiping out $4 billion of its market cap , and leaving customers - who had invested in these pricey machines - wondering what to do next.
In a joint announcement with the US Consumer Product Safety Commission , Peloton advised its members to stop using these machines immediately and offered two solutions: either return it and apply for a refund or keep it and have it repaired or moved into a safer room away from children and pets .
But some of its loyal customers say they plan to do nothing.
"I am NOT returning it. I love it, and even with an eight-year-old daughter and a dog in my two-bedroom apartment, it's not going anywhere," Tread+ owner Peter Shankman wrote in an email to Insider, adding that he has a rigorous safety routine in place.
"I taught my daughter from the second I got it that she was never to go anywhere near it unless I was right there and gave her permission. Not even...

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