Five@slrpnk.net to Buy it for Life@slrpnk.netEnglish · 8 hours agoThe Instant Pot Failed Because It Was a Good Productwww.theatlantic.comexternal-linkmessage-square38fedilinkarrow-up1124arrow-down110
arrow-up1114arrow-down1external-linkThe Instant Pot Failed Because It Was a Good Productwww.theatlantic.comFive@slrpnk.net to Buy it for Life@slrpnk.netEnglish · 8 hours agomessage-square38fedilink
minus-squareCounselingTechie@slrpnk.netlinkfedilinkEnglisharrow-up10·6 hours agoSadly I lack an account for the Atlantic, but I am going to assume that they were bought out.
minus-squareGrayBackgroundMusic@lemm.eelinkfedilinkEnglisharrow-up1·1 hour ago12ft.io gets around it https://12ft.io/https://www.theatlantic.com/technology/archive/2023/06/instant-pot-bankrupt-private-equity/674414/
minus-squarethe post of tom joad@sh.itjust.workslinkfedilinkEnglisharrow-up15·3 hours agoThey got toys R us’d by corporate bookeeping shenanigans where they take debt from other companies and dump it all into one business which destroys it. Articles that lie to me like this make me want to punch the author in their momma smoocher.
minus-squaresolrize@lemmy.worldlinkfedilinkEnglisharrow-up12arrow-down2·6 hours agoIirc they went broke because their first product was a huge hit, so they followed up with a bunch of useless crap that nobody bought.
Sadly I lack an account for the Atlantic, but I am going to assume that they were bought out.
12ft.io gets around it
https://12ft.io/https://www.theatlantic.com/technology/archive/2023/06/instant-pot-bankrupt-private-equity/674414/
They got toys R us’d by corporate bookeeping shenanigans where they take debt from other companies and dump it all into one business which destroys it.
Articles that lie to me like this make me want to punch the author in their momma smoocher.
Iirc they went broke because their first product was a huge hit, so they followed up with a bunch of useless crap that nobody bought.