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LovelyCheetah | Staff 18.7K Views
Jun 28, 2023 5:16 AM

6-Quart Instant Pot Duo 7-in-1 Electric Pressure Cooker

$60

$100

40% off
+ Free Shipping w/ Primeat Woot!
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Deal Details
Woot has 6-Quart Instant Pot Duo 7-in-1 Electric Pressure Cooker for $64.99 - $5 off w/ code INSTANTFIVE = $59.99. Shipping is free for Amazon Prime Members (must login with your Amazon account) or is otherwise $6 per order.

Note: If you are checking out with Amazon Prime and you are seeing a shipping cost during checkout, look for and tap/click the "Use this address" button. The order page will finish loading and shipping will update.

Thanks to Staff Member LovelyCheetah for finding this deal.

Includes:
  • Stainless Steel Inner Pot
  • Sealing Ring
  • Stainless Steel Trivet
  • Condensation Collector
  • Power Cable
  • Manual
Features:
  • Touch control method
  • Capacity: 5.68 Liters
  • Controller Type, Push Button
  • Programmable
  • 10+ Built in Safety Features
  • 6 Quart
  • Electric Pressure Cooker, Slow Cooker, Rice Cooker, Steamer, Sauté, Yogurt Maker, Warmer & Sterilizer

Editor's Notes

Written by powerfuldoppler | Staff
  • About this deal:
    • Price valid 6/28 while supplies last
    • Estimated delivery Jul 12 - Jul 14
  • About this product:
    • 90-Day Woot Warranty
  • About this store:
  • Additional note:

Original Post

Written by LovelyCheetah | Staff
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Woot has 6-Quart Instant Pot Duo 7-in-1 Electric Pressure Cooker for $64.99 - $5 off w/ code INSTANTFIVE = $59.99. Shipping is free for Amazon Prime Members (must login with your Amazon account) or is otherwise $6 per order.

Note: If you are checking out with Amazon Prime and you are seeing a shipping cost during checkout, look for and tap/click the "Use this address" button. The order page will finish loading and shipping will update.

Thanks to Staff Member LovelyCheetah for finding this deal.

Includes:
  • Stainless Steel Inner Pot
  • Sealing Ring
  • Stainless Steel Trivet
  • Condensation Collector
  • Power Cable
  • Manual
Features:
  • Touch control method
  • Capacity: 5.68 Liters
  • Controller Type, Push Button
  • Programmable
  • 10+ Built in Safety Features
  • 6 Quart
  • Electric Pressure Cooker, Slow Cooker, Rice Cooker, Steamer, Sauté, Yogurt Maker, Warmer & Sterilizer

Editor's Notes

Written by powerfuldoppler | Staff
  • About this deal:
    • Price valid 6/28 while supplies last
    • Estimated delivery Jul 12 - Jul 14
  • About this product:
    • 90-Day Woot Warranty
  • About this store:
  • Additional note:

Original Post

Written by LovelyCheetah | Staff

Community Voting

Deal Score
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Why are you downvoting this deal?

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Top Comments

philmac
569Comments
85Reputation
This person has no idea what they are talking about. The company was bought by a private equity hedge fund that took out a loan in the company's name paid themselves millions. Now the company will declare bankruptcy and default on the loan and they get to keep all the money they paid themselves. A business lesson indeed, but not one about making a good product.
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48 Comments

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Jun 28, 2023 12:40 PM
138 Comments
Joined Dec 2007
pm8473Jun 28, 2023 12:40 PM
138 Comments
Did they declare bankruptcy?
Jun 28, 2023 1:26 PM
265 Comments
Joined Dec 2014
tweebeeJun 28, 2023 1:26 PM
265 Comments
Thanks, I've been waiting for a deal on this.
Jun 28, 2023 3:51 PM
1 Comments
Joined Jun 2023
Dealbrokers99Jun 28, 2023 3:51 PM
1 Comments
Great item at a great price
Thanks OP
Jun 28, 2023 4:08 PM
427 Comments
Joined May 2022
TealLaborer912Jun 28, 2023 4:08 PM
427 Comments
Quote from pm8473 View quoted comment :
Did they declare bankruptcy?
They are a very unfortunate lesson to corporate America: Build something that works great and doesn't break over time, eventually you will no longer have a market to sell products to.
8
Jun 28, 2023 4:08 PM
258 Comments
Joined Sep 2019
iMadeYouReadHeheJun 28, 2023 4:08 PM
258 Comments
Hmm. Debating whether or not I should get this and return the costco ninja airfryer/pressurecooker combo.. that thing is huge lol
Jun 28, 2023 4:10 PM
569 Comments
Joined Mar 2015
philmacJun 28, 2023 4:10 PM
569 Comments

Our community has rated this post as helpful. If you agree, why not thank

Quote from TealLaborer912 View quoted comment :
They are a very unfortunate lesson to corporate America: Build something that works great and doesn't break over time, eventually you will no longer have a market to sell products to.
This person has no idea what they are talking about. The company was bought by a private equity hedge fund that took out a loan in the company's name paid themselves millions. Now the company will declare bankruptcy and default on the loan and they get to keep all the money they paid themselves. A business lesson indeed, but not one about making a good product.
3
Jun 28, 2023 4:14 PM
427 Comments
Joined May 2022
TealLaborer912Jun 28, 2023 4:14 PM
427 Comments
Quote from philmac View quoted comment :
This person has no idea what they are talking about. The company was bought by a private equity hedge fund that took out a loan in the company's name paid themselves millions. Now the company will declare bankruptcy and default on the loan and they get to keep all the money they paid themselves. A business lesson indeed, but not one about making a good product.
https://www.salon.com/2023/06/20/...bankruptcy.

I guess I'm not the only one.
1

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Jun 28, 2023 4:17 PM
6.9K Comments
Joined Dec 2004
CaleoJun 28, 2023 4:17 PM
6.9K Comments
Quote from pm8473 View quoted comment :
Did they declare bankruptcy?
Yes, but still a good product worth getting.
Quote from TealLaborer912 View quoted comment :
They are a very unfortunate lesson to corporate America: Build something that works great and doesn't break over time, eventually you will no longer have a market to sell products to.
There's a lot more to it than "products that last so long they kill their own market". In short, they were acquired by a private equity firm that effectively ran them into the ground.


Quote from TealLaborer912 View quoted comment :
https://www.salon.com/2023/06/20/...bankruptcy [salon.com].

I guess I'm not the only one.

Uhh, Salon? ...really?

Media outlets trying to gloss over the real problem here, which is private equity firms swooping in, gutting the "good" aspects of companies to cut costs and increase profitability at all costs: https://www.theverge.com/23758492...inance-doj
Last edited by Caleo June 28, 2023 at 09:22 AM.
2
Jun 28, 2023 4:21 PM
154 Comments
Joined Dec 2015
Kamikaze2007Jun 28, 2023 4:21 PM
154 Comments
Quote from pm8473 View quoted comment :
Did they declare bankruptcy?
They did, but it doesn't mean they are going out of business. I was a little concerned when I heard about it, but from what I can tell, the few maintenance parts are the seals. Plenty of aftermarket companies are selling them on Amazon.
1
Jun 28, 2023 4:23 PM
288 Comments
Joined Nov 2014
rkm123Jun 28, 2023 4:23 PM
288 Comments
Waiting for the one with the canner Not the steamer; accidentally got this one & it's not the one with a canner feature.
Jun 28, 2023 4:23 PM
569 Comments
Joined Mar 2015
philmacJun 28, 2023 4:23 PM
569 Comments
Quote from TealLaborer912 View quoted comment :
https://www.salon.com/2023/06/20/...bankruptcy.

I guess I'm not the only one.
PE owners issued $450M in new debt and then immediately paid out $250M in dividends to themselves resulting in the company carrying 8x leverage compared to the 4x it had prior.

Slowing sales sure, but not enough for bankruptcy.
1
Jun 28, 2023 4:24 PM
210 Comments
Joined Jul 2018

This comment has been rated as unhelpful by Slickdeals users.

Jun 28, 2023 4:25 PM
362 Comments
Joined Jun 2011
UglyTimeTravelerJun 28, 2023 4:25 PM
362 Comments
Quote from Caleo View quoted comment :
Yes, but still a good product worth getting.

There's a lot more to it than "products that last so long they kill their own market". In short, they were acquired by a private equity firm that effectively ran them into the ground.





Uhh, Salon? ...really?

Media outlets trying to gloss over the real problem here, which is private equity firms swooping in, gutting the "good" aspects of companies to cut costs and increase profitability at all costs: https://www.theverge.com/23758492...inance-doj
I think was just a fad. To infer a company would be better off making a product that breaks and needs replacement is bizarre. Wouldn't the breaking devices undermine customer trust in the brand and then they'd sell fewer units… the Salon article's conclusions are weird. I agree, that the new investors in the instant pot brand probably destroyed it, but then again, seems like it was a fad.
2
Jun 28, 2023 4:28 PM
523 Comments
Joined Oct 2017
organicaJun 28, 2023 4:28 PM
523 Comments
Can you explain this in layman's I'm a simple guy with a simple brain

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Jun 28, 2023 4:44 PM
6.9K Comments
Joined Dec 2004
CaleoJun 28, 2023 4:44 PM
6.9K Comments
Quote from LeonZ2871 View quoted comment :
https://www.nytimes.com/2023/06/1...uptcy.html [nytimes.com]
https://www.washingtonpost.com/bu...ankruptcy/ [washingtonpost.com]
Both mentioned long durability is a valid reason why sales drop. It makes sense. Imagine apple develops a new iphone that won't be replaced in 5+ years, it would be a very bad business decision.
Apple DOES make products that endure 5+ years - in fact, they're one of the ONLY phone manufacturers that puts out OS updates for their phones 4-7 years after launch. Most others do 2-3 at most.
2

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