Instant Pot's Parent Company Files for Bankruptcy

G0ldenSp00n@lemmy.jacaranda.club to Technology@beehaw.org – 33 points – In the bid to grow at all costs, Instant Pot is cooking itself
theverge.com

Honestly quite shocking news given their success, but I guess it's what happens when you chase tech company profits.

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I'm undefined? 😟

Otherwise known as managing success. Once you have a successful cash flow you need to diversify it and build your business to have multiple cash flows.

Semantics I guess. Di-worse-ification isn't always the answer. They had a large product lineup, which was probably more expensive for them than it needed to be. They went under because they failed to fortify their balance sheet... rates went up and their debt crushed them.

Capitalism works fine just turning a profit while plenty of companies die chasing growth. It's just part of it.

For some reason the software inserted the "undefined" when I tried to quote your post. Growing pains of a new site I guess.

🤣 I didn't think you were trying to tell me something, I figured the Lemmy code goofed somewhere.