Instant Pot's parent company files for bankruptcy

[Golden sunsets]

Honestly, for me the Instant Pot is simply a pressure cooker - electric one with lots of safety features and very configurable and automated, so it’s much preferable to stove top. The thing is that I never used a pressure cooker before because the stove top ones were too intimidating. So for me the Instant Pot opened up a whole new way of cooking that works very well for certain kinds of foods and dishes.

This is exactly the way I feel. I never had a pressure cooker. I now love the Instant Pot for certain "go to" recipes, mostly fall and winter. I did purchase it at the beginning of the pandemic in 2020. It stopped working a few months ago. I was not pleased with the short longevity, but I replaced it anyway.

 

[audreyh1]

Fingers crossed that our 2017? unit keeps working.

 

[ERD50]

Perhaps the reason you recognize how stupid it was is because you never went to business school.

I haven't been, either, but it would appear that what you learn there is that short-term gain for the stockholders, or better still, yourself, is the only reason a company exists. Just take all you can of whatever equity has been built up over years or decades of hard work, and walk away.

Unfortunately, you may be right!

Funny, but sad.

-ERD50

 

[ERD50]

I never got an insta pot, ...

I had always assumed it was "Insta-Pot", a sort of 'clever' branding thing that rolls off the tongue. But it actually is "Instant Pot". I had to look it up.

-ERD50

 

[zippy2020]

It's a reorg and assets will be sold off. Production will continue, just by another company. No big deal.

 

[LJ Dem]

Yes! I just learned upper case PYREX is likely borosilicate, but licenced lower case pyrex is likely tempered. Sheesh!
“ If the logo is in upper case lettering, PYREX, it's most likely made of borosilicate, and thus safer. The lowercase lettering is most likely made of soda-lime glass, so take extra care after any high-heat cooking.”


I

I recall reading about this a while back, could hardly believe they could be that stupid.

"Real" Pyrex (borosilicate, as you mention) is a superb product. Glass that can handle sudden changes in heat very well.

So they built up a brand name for many decades - "Pyrex" meant quality glass to generations, and they decide to use a substitute? Geez, if you are going to do that, sell it under a different brand name then, don't compromise the name "Pyrex".

I never went to business school, but I seem to be aware that "building a brand" is a very expensive process. Why throw that away? Stupid!

Now I need to look for the words "borosilicate" when I shop for glass.

https://en.wikipedia.org/wiki/Borosilicate_glass

-ERD50

 

[FindingForward]

so stupid question - I just bought an instant brand fryer two weeks ago w/1 year warranty. It's still in store return window: - are the odds for any future mfg warranty support non existent? Should I return and get a diff brand?

 

[Morgan22]

so stupid question - I just bought an instant brand fryer two weeks ago w/1 year warranty. It's still in store return window: - are the odds for any future mfg warranty support non existent? Should I return and get a diff brand?

Like Rodi said above, it's a reorg. They do not appear to be shutting down. I would keep it.

I just bought an Instant Pot myself recently. Love making pot roast and pulled pork in it! I have to branch out and try new recipes with it.

 

[FindingForward]

Like Rodi said above, it's a reorg. They do not appear to be shutting down. I would keep it.

I just bought an Instant Pot myself recently. Love making pot roast and pulled pork in it! I have to branch out and try new recipes with it.

Thanks! If it were an instant pot, (which seem to be pretty reliable) I'd keep it, like you say. I only hesitate because I bought an air fryer/toaster oven - and a fairly pricey one at that. A few more things can and do malfunction on those - at least from all the reviews I'm reading. (I'm still haunted by a nightmare experience with a pricey Kenmore fridge recommended by Consumer Reports that failed 2 weeks after the 1 year warranty - sears totally blew me off during their last few years of operation. So much wasted time and frustration.