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Instant Pot's Parent Company Files for Bankruptcy
(www.theverge.com)
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this post was submitted on 13 Jun 2023
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Technology
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I'm undefined? 😟
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.