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

$60
$99.99
+ Free Shipping w/ Prime
+27 Deal Score
16,665 Views
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 & Price Research

Written by
  • 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
Edited June 28, 2023 at 09:13 AM by
Woot! [woot.com] is offering 6-Quart Instant Pot Duo 7-in-1 Electric Pressure Cooker for $64.99 - $5 off w/ code INSTANTFIVE = $59.99. Shipping is free with Prime, otherwise it's a flat $6 rate.
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+27
16,665 Views
$60
$99.99

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Featured Comments

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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Joined Dec 2007
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> bubble2 126 Posts
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pm8473
06-28-2023 at 05:40 AM.
06-28-2023 at 05:40 AM.
Did they declare bankruptcy?
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tweebee
06-28-2023 at 06:26 AM.
06-28-2023 at 06:26 AM.
Thanks, I've been waiting for a deal on this.
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Joined Jun 2023
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Dealbrokers99
06-28-2023 at 08:51 AM.
06-28-2023 at 08:51 AM.
Great item at a great price
Thanks OP
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TealLaborer912
06-28-2023 at 09:08 AM.
06-28-2023 at 09:08 AM.
Quote from pm8473 :
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.
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iMadeYouReadHehe
06-28-2023 at 09:08 AM.
06-28-2023 at 09:08 AM.
Hmm. Debating whether or not I should get this and return the costco ninja airfryer/pressurecooker combo.. that thing is huge lol
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Joined Mar 2015
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> bubble2 499 Posts
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philmac
06-28-2023 at 09:10 AM.

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

06-28-2023 at 09:10 AM.
Quote from TealLaborer912 :
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.
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TealLaborer912
06-28-2023 at 09:14 AM.
06-28-2023 at 09:14 AM.
Quote from philmac :
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.
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Joined Dec 2004
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Caleo
06-28-2023 at 09:17 AM.
06-28-2023 at 09:17 AM.
Quote from pm8473 :
Did they declare bankruptcy?
Yes, but still a good product worth getting.
Quote from TealLaborer912 :
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 :
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
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Last edited by Caleo June 28, 2023 at 09:22 AM.
Joined Dec 2015
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> bubble2 150 Posts
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Kamikaze2007
06-28-2023 at 09:21 AM.
06-28-2023 at 09:21 AM.
Quote from pm8473 :
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.
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rkm123
06-28-2023 at 09:23 AM.
06-28-2023 at 09:23 AM.
Waiting for the one with the canner Not the steamer; accidentally got this one & it's not the one with a canner feature.
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philmac
06-28-2023 at 09:23 AM.
06-28-2023 at 09:23 AM.
Quote from TealLaborer912 :
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.
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Joined Jun 2011
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UglyTimeTraveler
06-28-2023 at 09:25 AM.
06-28-2023 at 09:25 AM.
Quote from Caleo :
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.
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