Peloton Announces Major Recall Over Safety Concerns

In a major reversal, Peloton announced Wednesday voluntary recalls of both its treadmill machines over safety concerns.

Its shares tumbled more than 6% after the news.

The company is advising customers who already have either the Tread or Tread+ products to immediately stop using the equipment and contact Peloton for a full refund or other qualified remedy. (CNBC)