Five@slrpnk.net to Buy it for Life@slrpnk.netEnglish · 1 day agoThe Instant Pot Failed Because It Was a Good Productwww.theatlantic.comexternal-linkmessage-square75fedilinkarrow-up1210arrow-down126cross-posted to: LongReads@kbin.social
arrow-up1184arrow-down1external-linkThe Instant Pot Failed Because It Was a Good Productwww.theatlantic.comFive@slrpnk.net to Buy it for Life@slrpnk.netEnglish · 1 day agomessage-square75fedilinkcross-posted to: LongReads@kbin.social
minus-squareCounselingTechie@slrpnk.netlinkfedilinkEnglisharrow-up14·1 day agoSadly I lack an account for the Atlantic, but I am going to assume that they were bought out.
minus-squarethe post of tom joad@sh.itjust.workslinkfedilinkEnglisharrow-up22·1 day 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-squareGrayBackgroundMusic@lemm.eelinkfedilinkEnglisharrow-up7·1 day ago12ft.io gets around it https://12ft.io/https://www.theatlantic.com/technology/archive/2023/06/instant-pot-bankrupt-private-equity/674414/
minus-squaresolrize@lemmy.worldlinkfedilinkEnglisharrow-up12arrow-down3·1 day 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.
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.
12ft.io gets around it
https://12ft.io/https://www.theatlantic.com/technology/archive/2023/06/instant-pot-bankrupt-private-equity/674414/
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.