U.S. regulators have urged people with children and pets to stop using a Peloton treadmill after a child died and nearly 40 others were injured in incidents related to the running machine.
The U.S. Consumer Product Safety Commission (CPSC) said Saturday it had received reports of drags of young children and pets under the rear roller of the Tread +, which resulted in fractures, scratches and death of a child.
Platoon: warning is “misleading”
Peloton Interactive Inc., however, claimed the warning was “inaccurate and misleading,” the Associated Press told the firm in a press release.
The New York-based company has acknowledged that children and pets should be kept away from the tape, while it should be turned off when not in use, with the security key removed. Under these circumstances, the machine remains safe, Peloton said.
But the CPSC said that in at least one incident, a child was thrown under the treadmill while a parent was running on it, suggesting it may be dangerous for children even while there is an adult.
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The best winners of Coronavirus: from Netflix to Tesla
In top gear
Tesla has become the most valuable carmaker amid the pandemic, which eclipses Toyota and Volkswagen, despite selling only a fraction of the cars sold by traditional giants. Tesla shares rose more than 100% in the second quarter, during which the manufacturer’s sales exceeded estimates thanks to a rapid rise in production at its Shanghai plant, which did not affect the pandemic much.
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The best winners of Coronavirus: from Netflix to Tesla
Netflix and cold
Netflix has added more than 25 million subscribers during the first six months of the year, as the blockades forced people to stay home. The streaming platform has earned $ 70 billion ($ 61 billion) in market capitalization this year, making it more valuable than media giants like Walt Disney, AT&T, HBO’s mother, and Comcast , owner of NBC and Universal Studios.
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The best winners of Coronavirus: from Netflix to Tesla
Leave the gym
Fitness startup Peloton, which makes exercise bikes and also offers online fitness classes, saw its sales rise 66% in its third quarter as orders to stay home and fears about coronavirus caused many fitness enthusiasts to abandon their gyms and opt for the company’s offer. . In April, Peloton held its largest class with more than 23,000 people attending from home.
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The best winners of Coronavirus: from Netflix to Tesla
Coronovirus billionaires
Moderna chief executive Stephane Bancel (R) briefly became a billionaire after the company sent an experimental coronavirus vaccine for human clinical trials, raising its share price, Bloomberg reported. Malaysian Lim Wee Chai (L), owner of the majority stake in medical glove maker Top Glove, also joined the billionaire’s club amid the outbreak.
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The best winners of Coronavirus: from Netflix to Tesla
Stay home, stay connected
In recent months, there has been so little talk about the Zoom teleconferencing firm. At its peak, the company attracted more than 300 million participants a few days in April, up from 10 million in December, despite some public relations issues related to privacy and security. The company’s market cap has exceeded $ 70 billion, compared to $ 16 billion last year.
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The best winners of Coronavirus: from Netflix to Tesla
Game winnings
The game provided a perfect getaway for millions trapped at home. Online games like Call of Duty attracted tens of millions of players. The latest game, Nintendo’s popular Animal Crossing franchise, sold more than 13 million units six weeks after its release in March. Nintendo’s Switch and other consoles like Xbox and PlayStation have seen demand skyrocket in recent months.
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The best winners of Coronavirus: from Netflix to Tesla
Streaming to glory
The Swedish music broadcasting firm saw its paid subscribers rise to 130 million in the first quarter amid coronavirus blockages. The company saw use on video game consoles such as Xbox and PlayStation skyrocketed during the period. Shares listed on Spotify in the United States are among the best this year.
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The best winners of Coronavirus: from Netflix to Tesla
Actions to stay at home
The pandemic has boosted stocks at home, such as Apple, Microsoft, Amazon and Facebook, companies that offer online communications, remote jobs and transactions. These companies have been the main drivers of US indices in recent months. Companies like Paypal and cloud computing company Twilio have also risen in recent months.
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The best winners of Coronavirus: from Netflix to Tesla
Empty shelves
Retailers such as Germany’s Rewe and France’s Carrefour watched as food flew off their shelves during the early days of the pandemic as panicked shoppers stocked their pantries. The rush to supermarkets caused investors to withdraw shares from packaged food companies. Online retailers like Amazon also see strong demand as scary virus shoppers avoid brick-and-mortar stores.
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The best winners of Coronavirus: from Netflix to Tesla
Security first
Manufacturers of facial masks, hand sanitizers and sanitary napkins are witnessing a huge increase in demand as buyers around the world look for ways to protect themselves from the rapidly spreading virus. 3M Corp., which makes facial masks among other things, is one of the biggest beneficiaries.
Author: Ashutosh Pandey
Pandemic benefits
Known for its stationary bikes with reviews made up of fitness instructors, Peloton introduced its $ 4,000 (€ 3,340) treadmill about three years ago, before changing its brand to Tread +.
Peloton equipment sales have increased during the pandemic with people seeking to address their exercise desires in the absence of an open gym.
Peloton earned $ 1 billion in revenue in the last three months of 2020, more than double the amount for the same period in 2019.
Associated Press contributed to this article.
