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Peloton and the CPSC finally agree on a fix for recalled treadmills

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Exactly one week ago, the U.S. Consumer Product Safety Commission (CPSC) announced that Peloton was recalling around 2.2 million exercise bikes. The agency noted that 13 people had been injured by the PL01 bike, which had the potential to “break during use, posing fall and injury hazards to the user.”
That was just the latest bit of bad news from a company that was riding high on a pandemic-fueled home fitness renaissance just a few short years ago. The intervening period has been marred by over-investing, slowed sales, security concerns, executive exits and a lot of layoffs. The recent bike i

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