Peloton agreed to pay a $19 million fine for failing to disclose defects with its Tread+ treadmill, according to the Consumer Product Safety Commission.
Evolution VC Partners founder Gregg Smith provides insight into why Peloton still has tremendous value and how Big Tech could impact the product.has agreed to pay a $19 million fine after failing to report hazardous defects in its treadmill product.
The Tread+ was initially recalled back in May 2021, according to a joint statement from the regulator and Peloton.
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