Peloton Interactive is an American exercise equipment and media company headquartered in New York City. Founded in 2012, the company’s offerings include stationary bicycles, treadmills, and indoor workout equipment’s, all of which are equipped with Internet-connected touch screens that can stream live fitness classes via a subscription service.
In 2019, Peloton went public via an initial public offering at a valuation of $8.1 billion. The company continued to experience significant growth, reaching a market valuation of $50 billion in January 2021. However, by April 2022, Peloton’s valuation had dropped back down to approximately $8 billion.
On May 11th, 2023, Peloton Interactive, Inc. announced a voluntary recall of their original Peloton model Bikes sold in the United States. The affected model can be identified by its PL-01 model number on the label located on the inside front fork and a few distinctions.
The company identified that the original Bike’s seat post has a potential to break during use, posing a fall and injury risk to users, and as of April 30th, 2023, Peloton has received 35 reports of seat posts breaking out of the 2,160,000 units sold in the US.
To address this issue, Peloton is offering a free replacement seat post to all affected Members in the US. The replacement seat post can be easily installed at home without the need for a service call. It’s important to note that this recall only applies to the Peloton original Bike sold in the US and does not affect international and North America Bike+ nor international Peloton original Bikes.