A spokesperson said Peloton is "working on updates" to its Tread Lock that would allow users to continue to use the free "Just Run" mode.

Previously, owners could use the "Just Run" and "Just Ride" modes on Peloton's treadmills and fitness bikes without memberships.

Peloton recently recalled its treadmills following reports that a child had died while using one - but some people don't want to return them.

Buy the dip in Peloton's shares as future sales will be "delayed, not lost," due to treadmill recalls, says Credit Suisse.

The decision comes after Peloton initially resisted regulatory warnings regarding the safety of its treadmills.

Peloton shares fell Monday after a US product safety agency said it looking into incidents related to the company's Tread+ exercise machine.

You can contact Peloton customer service via telephone, by webchat on the Peloton website, and by email at [email protected]

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