this post was submitted on 13 Jun 2023
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Instant Pot parent company files for bankruptcy (www.engadget.com)
submitted 1 year ago by _MoveSwiftly@lemmy.world to c/stocks@lemmy.world
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[–] XTornado@lemmy.ml 1 points 1 year ago

Well that works out to a certain point if you have a better product at same price or better price than your competitors.

Otherwise if you products require complex processes and are complicated to replicate by competitors Or you setup in a way that you have patents for the main functionality or similar that forces competitors to take a worse approach or maybe can't find an alternative.