1
Instant Pot's Parent Company Files for Bankruptcy
(www.theverge.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 13 Jun 2023
1 points (100.0% liked)
Technology
37702 readers
150 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
undefined> Successful businesses also allocate capital optimally, build formidable brand and product moats, hire amazing managers and build fortified balance sheets. They forgot to do all that stuff. (See also: reddit)
Otherwise known as managing success. Once you have a successful cash flow you need to diversify it and build your business to have multiple cash flows.
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.