"Consumers should immediately stop using the recalled exercise bikes and contact Peloton for a free repair," the release said. "Peloton is offering consumers a free seat post that can be self-installed." This is not the first time Peloton has faced a widespread recall. In May 2021, it was forced to recall 125,000 of its Tread+ treadmills after a child's death and other problems involving the machines. Peloton's stock was down more than 7% following Thursday's announcement.