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Peloton fined $19 million for not reporting treadmill safety issues

Por: Fox Business Business January 06, 2023

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Evolution VC Partners founder Gregg Smith provides insight into why Peloton still has tremendous value and how Big Tech could impact the product.  The Consumer Product Safety Commission (CPSC) on Thursday announced has agreed to pay a $19 million fine after failing to report hazardous defects in its treadmill product.  Moreover, the agency claims the fine also results from the company knowingly distributing the recalled treadmills, which is a... + full article



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