Peloton Recalls 878,000 Bike+ Units

Peloton Interactive is recalling nearly 878,000 of its Original Series Bike+ units (model PL02) in the U.S. and Canada due to a seat post issue that poses fall hazards. The United States — United States Consumer Product Safety Commission and Canada — Health Canada issued notices after Peloton Interactive received three reports of seat posts breaking, with two resulting in fall injuries. This recall affects bikes sold from 2020 through April 2025 for about $2,495. Peloton Interactive is offering a free, self-installable redesigned seat post replacement to affected customers. This is the second major recall for Peloton Interactive related to seat posts, following a 2023 recall of 2 million original Bikes (model PL01). The company's shares dropped 6.5% following the announcement. CEO Peter Stern is leading efforts to cut costs, reduce headcount, and raise prices to navigate challenges, including tariffs and changing consumer behavior post-pandemic.