Peloton Is Facing Pressure From U.S. Safety Agency to Recall Its Treadmills
Peloton Interactive (NASDAQ: PTON) stock could be in for a "Manic Monday," to borrow the title of an '80s hit song by the Bangles.
On Friday evening, news broke that the fast-growing maker of connected home-exercise machines is allegedly "fighting a federal safety agency's request that the company recall" its treadmills and "has delayed the agency's investigation into potential safety problems," according to The Washington Post, which cited officials close to the matter.
Here's what investors should know.
Source Fool.com
