All lasting things are strangled by #VC and debt loading for a quick profit.

The parent company of Pyrex / Instant Pot file for bankruptcy (chapter 11). These companies are staples in many households, but often once in a decade purchases not aligned with 6%/yr shareholder revenue. Expect decreasing quality, and increasing costs from whatever is left after.

#VentureCapital #enshitification #LateStageCapitalism

@pluralistic

https://edition.cnn.com/2023/06/13/business/instant-brands-bankruptcy/index.html