Peloton Stock Falls After 800,000 Bikes Recalled Over Seat Issue
1. Peloton recalls 833,000 bikes due to potential seat post issues. 2. Recall might cause injuries, leading to safety concerns and liability risks. 3. Company reported significant revenue declines since 2021. 4. Past recalls indicate ongoing product safety challenges for Peloton. 5. Stock down 24% year-to-date, reflecting market skepticism.