Take a well known, respected brand; remove all the things that made it respected, sell shoddy replacements instead (and throw the name at everything else it might stick to); and when you've milked it dry, walk away from the debts.<p>I wish I could still easily buy real borosillicate glassware.
I don’t see how they managed to mess this up. The entire world bought an Instant Pot a few years ago when they were all the rage on Reddit, etc. We bought my brother one for a gift.
I don’t know what we’d do without the InstantPot. We literally have this thing going every night making veggies, beans and lentils, soups, and stews for the family. It really takes a ton of stress out of mealtimes, particularly with a toddler in the house. Even before we had a kid we were using the thing constantly, and telling all of our friends and family to buy one.<p>Our first Instant Pot unit had a faulty pressure release seal in the lid and so Insta replaced and shipped a brand new lid to us free of charge.
Considering how popular instapots and pyrex products are, the company executives must have sucked the company dry. This can be a case study of corporate raiding from within.<p>"Credit crunch and high interest rates weighed on liquidity" is language usually attributed to extreme risk taking in financing, another sign of fraudulent intent-- short term focus, get what they can while they can, leave a carcass behind.
That's sad. When I last checked, insta pot was the only brand offering stainless steel vessel. Everybody else were offering only non-stick options, which I did not want to use.
I just bought some extra copies of my 6qt just in case this goes off a cliff pretty soon...<p>I'm pretty sure I've cooked at least a ton worth of food in my original instant pot from 2015. It is still going strong. I cannot imagine using something else. I don't really care if there's something shinier/faster/whatever. I have a fuckin <i>system</i> now and the instant pot has timings critical to it.