G0ldenSp00nA to Technology@beehaw.org · 2 years agoInstant Pot's Parent Company Files for Bankruptcywww.theverge.comexternal-linkmessage-square24fedilinkarrow-up150arrow-down10file-text
arrow-up150arrow-down1external-linkInstant Pot's Parent Company Files for Bankruptcywww.theverge.comG0ldenSp00nA to Technology@beehaw.org · 2 years agomessage-square24fedilinkfile-text
Honestly quite shocking news given their success, but I guess it’s what happens when you chase tech company profits.
minus-squaregeissi@feddit.delinkfedilinkarrow-up2·2 years ago there’s only so many people who are in the market for a countertop pressure cooker The article mentions that in 2021 it canceled $100 million worth of orders from retailers So it doesn’t sound like they just ran out of customers
The article mentions that
So it doesn’t sound like they just ran out of customers