The Instant Pot Failed Because It Was a Good Product

Re:The Instant Pot Failed Because It Was a Good Product by wiedelphine on Thursday June 15, 2023 @07:53AM (#36339164)

My understanding is that the main cause for failure was being brought up by private equity, loaded up with debt, and then being hit by huge interest rate rises.

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Re:The Instant Pot Failed Because It Was a Good Product by loudambiance on Thursday June 15, 2023 @08:10AM (#36339321)

Isn't this essentially the same thing that killed Toys-R-Us?

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Re:The Instant Pot Failed Because It Was a Good Product by SQueeeeeL on Thursday June 15, 2023 @08:15AM (#36339375)

Yeah. It's bizarre that leveraged buyouts are even legal given how destabilizing it is to local economies; but also Bain Capital (the company which did the buyout of Toys R Us) was cofounded by Senator Mitt Romney, so you can start to understand why the FTC and Congress aren't really inclined stop the madness and regulate themselves more

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Re:The Instant Pot Failed Because It Was a Good Product by red-iron-pine on Thursday June 15, 2023 @08:54AM (#36339755)

Changes to retail (e.g. online, e.g. Amazon) killed Toys-R-Us, PE just pimped it out until they could sell it for parts

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Re:The Instant Pot Failed Because It Was a Good Product by manishsharan on Thursday June 15, 2023 @12:36PM (#36343062)

And Sears.

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