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Instant Pot maker seeks bankruptcy protection - NPR (www.npr.org)

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

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Pretty shocked to see this with how ubiquitous they've seemed these last few years. Of all the recent kitchen gadgets this is one of the few that felt genuinely useful to me.

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

From another article:

The Instant Pot, for its part, is not dead. Cornell Capital has brought in a restructuring crew, and the brand’s Chapter 11 bankruptcy filing allows it to continue doing business while it seeks relief from its debts.

So likely, we'll see a bit of divestment, a shift of focus? I dunno, I'm just regular people, I don't get to restructure and cancel my debts in a way that isn't personally destructive.