World News

22058 readers

56 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

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

submitted 1 year ago by gary@lemmy.world to c/news@beehaw.org

25 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] suddenlythequietrose@beehaw.org 1 points 1 year ago

I'm thinking probably, yeah. There's always a market of customers who are fitting a kitchen for the first time, but I doubt it's enough to sustain the expectations they built off the launch sales. They have other brands under their wing but I don't think pyrex sales are high enough to subsidize the huge amount of licensed re-skins instant pot has been putting out to, as you put it best, people who already own instant pots.