World News

22057 readers

169 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

[email protected]

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

submitted 1 year ago by [email protected] to c/[email protected]

18 comments fedilink hide all child comments

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.

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

[–] [email protected] 12 points 1 year ago (1 children)

Only speculating but I think this is a symptom of late stage capitalism. Companies are staking enormous risk on leveraged finances to achieve impossible stock prices. And if they miss, they're done. They collapse and get rolled into giant multinationals to funnel even more money to the top.

[–] [email protected] 1 points 1 year ago

Its always been like this though. Back in the 60s no one would have thought the Victor Company and RCA were approaching deaths door step, but they made a few big mistakes and got out competed in just a short time.