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Peloton recalls all treadmills after reported injuries, death

Peloton on Wednesday said it will recall its Tread+ and Tread treadmill machines following reports of several injuries and one death.

Details: The company is recommending that people who have bought the machines should stop using them immediately and contact Peloton for a full refund or "other qualified remedy."


  • The U.S. Consumer Product Safety Commission last month issued a warning about Peloton's Tread+, citing "multiple incidents of small children and a pet being injured beneath the machines" as well as the death of one child.
  • Peloton initially refused to recall the machines saying that the CPSC's warning was "inaccurate and misleading."

What they're saying: "The decision to recall both products was the right thing to do for Peloton’s Members and their families," said Peloton CEO John Foley.

  • "I want to be clear, Peloton made a mistake in our initial response to the Consumer Product Safety Commission’s request that we recall the Tread+.  We should have engaged more productively with them from the outset. For that, I apologize," Foley added.

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Venture capitalists invested a record $288 billion in the first half of 2021

Venture capitalists invested $288 billion in the first half of 2021, an all-time record, per Crunchbase.

By the numbers: Venture capitalists invested $140 billion into U.S.-based startups in the first half of 2021, anall-time record, per Ernst & Young. At that pace, the 2020 total should be surpassed in a matter of days.

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