As you can read and hear all over the Internet (for instance at The New York Times, NPR, The Atlantic, and NBC), Instant Brands, the maker of the Instant Pot, has filed for Chapter 11 bankruptcy. Or, as the CEO.
For a while, the Instant Pot, an electronically controlled device that could pressure-cook and slow-cook food, was the kitchen tool everyone wanted. But over the past few years, it has failed to attract new fans, and its parent company is struggling.