Tastyzero@beehaw.orgtoWorld News@beehaw.org•Instant Pot maker seeks bankruptcy protection - NPR
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1 year agoOnly 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.
I’m definitely happy the blackout encouraged me to move to the fediverse.