Peloton recalls 833K bikes after seat flaw causes injuries to riders
1. Peloton recalls 833,000 Bike+ units due to seat post risks. 2. Three reports of seat post breakage, causing injuries. 3. Previous recall in 2023 affected over 2 million bikes. 4. Company shares down 18.1% this year, dropped 6% today. 5. Cost-cutting measures and price hikes ongoing amid financial struggles.