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Instant Brands — maker of the Instant Pot — files for bankruptcy (www.cbsnews.com)

submitted 1 year ago by SerpentPeaked@kbin.social to c/news@kbin.social

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Since COVID, company has faced "additional global macroeconomic and geopolitical challenges," CEO Ben Gadbois said.

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[–] Pisodeuorrior@kbin.social 0 points 1 year ago (1 children)

Aw that sucks, I do have one and it's pretty amazing.

Usually I don't give a crap if some big corporation goes down, it's a different matter (in my own personal mind) when someone who actually "builds stuff" goes though a hard time.

[–] tal@kbin.social 2 points 1 year ago

Well, bankruptcy doesn't necessarily mean that a product is dead. Some other company will potentially buy their assets and could continue the brand.