Instant Pot's Parent Company Files for Bankruptcy
Instant Pot's Parent Company Files for Bankruptcy

In the bid to grow at all costs, Instant Pot is cooking itself

Honestly quite shocking news given their success, but I guess it's what happens when you chase tech company profits.
That's problem with being a one hit wonder. They had a decent product that became popular. Unfortunately there's only so many people who are in the market for a countertop pressure cooker.
Although there's plenty of other companies in the space like KitchenAid that have survived over the years.