Peloton recalls 2.2 million exercise bikes over safety hazard

Peloton is recalling 2 million exercise bicycles over safety concerns, the second major recall the fitness company has faced.

The Consumer Product Safety Commission said in a release Thursday that the bikes' seat posts can break during use, posing fall and injury hazards to users.

Peloton has already received 35 reports of the seat post breaking and detaching from the bike during use, the CPSC said, including 13 reports of injuries that include a fractured wrist, lacerations and bruises.

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"Consumers should immediately stop using the recalled exercise bikes and contact Peloton for a free repair," the release said. "Peloton is offering consumers a free seat post that can be self-installed."

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This is not the first time Peloton has faced a widespread recall. In May 2021, it was forced to recall 125,000 of its Tread+ treadmills after a child's death and other problems involving the machines.

Peloton's stock was down more than 7% following Thursday's announcement.