Peloton recalls more than 800,000 US exercise bikes over faulty seat post

Shares fall as users urged to stop using bikes immediately and warned assembly poses risk of falls and injuries

The US Consumer Product Safety Commission said on Thursday that Peloton Interactive was recalling about 833,000 units of its Original Bike+ Model PL02 after reports that the seat post assembly could break during use, posing a risk of falls and injuries.

The consumer safety regulator said the fitness products maker had received three reports of the seat post breaking and detaching during use, including two incidents that resulted in injuries from falls.