Everyone loves to have a pillow at the back of their head when it’s time to take a rest off the busy daily schedule. And one company that has come as a savior for many Americans over the years for quality, sustainable pillows is My Pillow.
But recently, the company has been at the center of a raging storm involving lawsuits, political controversies, and a potential closure. So, if you are presently asking, ‘Is My Pillow going out of business?’ you are not alone. That is the same question in the mouth of many people whenever they remember the present state of My Pillow.
But how did this once revered company go here? Is My Pillow going out of business, really? Let’s take a closer look at what’s happening behind the scenes of My Pillow to help you get answers to your questions about the company.
Is My Pillow Going Out of Business?
My Pillow, once flourishing under the diligent leadership of Mike Lindell, has recently found itself in the middle of serious legal and financial troubles.
Amidst an aggressive wave of criticism and financial downturns stemming from the CEO’s political stance and controversial claims, the pillow company is indeed passing through a difficult time. Various indicators, such as the selling off of equipment and laying off employees, have cast shadows upon its once-stable future. And people are seriously asking, ‘Is My Pillow going out of business?’
Well, while the company seems to be in trouble right now, there is no official statement from Mike Lindell yet concerning whether it’s shutting its door completely. However, the CEO has determined to follow through with its court cases, even if it means shutting down My Pillow.
So, even though the company is not going out of business yet, it is a matter of time before it does. Let’s just keep our fingers crossed as things unfold with My Pillow and Lindell, its CEO.
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Mike Lindell in Trouble with Dominion Voting
Almost everyone knows that the genesis of the problems of My Pillow stemmed from the legal issue Lindell has with Dominion Voting System. So, when discussing the potential future of the company, it’s good to look back into this case.
Lindell, who is a fervent supporter of former President Donald Trump, made several unsubstantiated allegations regarding the integrity of the 2020 presidential election. The companies at the crux of these claims, Dominion Voting Systems and Smartmatic, warned him to desist from his allegations.
But the CEO continues, using various avenues to further strengthen his allegation against these two companies. Dominion Voting and Semantics had to respond with defamation lawsuits, asserting that Lindell’s declarations have significantly damaged their reputations.
While still fighting this legal battle, the CEO continues to ardently stand by his claims, providing a steadfast front amidst the storm. However, this has not only cost him a lot of money and a dent on his reputation, it has also put the future of his company, My Pillow on the line.
Lindell now faces a $1.3 billion lawsuit for allegedly accusing Dominion Voting Systems for rigging the presidential election held in 2020.
Lindell Ready to Bankrupt My Pillow Rather Than Lose the Fight
Despite the consequences that Lindell’s political and legal battles have brought upon My Pillow, the CEO remains unyielding. He has stated he is willing to allow the company to go bankrupt rather than conceding defeat in his battle against Dominion Voting Systems and Smartmatic.
During the initial period of the case, Lindell offered to give anyone who could come out to prove that the store of computer data he had acquired was really not the 2020 election data. Unfortunately, a computer expert came out to quickly prove that the data was bogus.
Lindel, afterward, refused to pay the $5 million he had promised, which caused him to face an arbitration panel that forced him to pay the money.
Lindell’s unrelenting stance, while admirable to some, is inevitably steering My Pillow towards a precarious financial situation, leading to critical decisions affecting the company’s stability and future.
Why is My Pillow Laying off Employees and Selling Equipment?
With My Pillow losing a staggering $100 million due to stores no longer selling their products and coupled with the financial strain from Lindell’s legal troubles, significant cutbacks have been imperative.
Equipment has been put up for auction, and manufacturing spaces in Minnesota have been rented out in an attempt to salvage the company’s finances. These desperate measures are clear indicators of a company in distress, trying to stay afloat amidst a financial maelstrom.
So, if you hear people asking, ‘Is My Pillow going out of business?’ don’t blame them – all these distress moves are enough to hint them that the company may not be surviving for too long before it goes out of business.
In fact, a recent report shows that Lindell is now unable to settle his legal bills. His lawyers, revealing the CEO’s incapacitated financial status, have sought court permission to resign from his cases. The firm is allegedly owed millions, with the prospect of further millions being racked up in ongoing legal expenses.
Major Stores No Longer Selling My Pillow
My Pillow has witnessed a massive pullback from major retailers, such as Walmart and Bed Bath & Beyond, owing to Lindell’s steadfast propagation of election conspiracy theories.
The CEO’s unyielding stance and ongoing legal troubles have consequently polarized the brand. My Pillow has now become an emblem of political discord and controversy, leading to a subsequent significant financial downturn.
Sales have really dropped as many people have stopped buying their pillow since stores no longer have them in store. If you get to most major stores today, you will likely meet My Pillow out of stock.
Was Lindell Also Sued by House Select?
Yes, Lindell’s controversial claims and staunch support of the “Big Lie” have also landed him in legal hot water with the House Select Committee, which has sued him over a subpoena of his phone records.
So, it’s not only Dominion Voting and Smartmatic that have sued him. His persistent, baseless allegations about the 2020 election have rendered him a central figure in the political storm that has ensued since Trump’s defeat.
Are My Pillows Still Available in Stores?
Despite the numerous setbacks and severed ties with numerous retailers, My Pillow products are still available in some stores and online platforms. While several retailers like Bed Bath and Beyond and Kohl’s have disassociated themselves from the brand, others like Amazon and Costco continue to stock My Pillow, but not in a highly politicized consumer environment.
If you love the product and want to get some, of course, you can check stores around you. You may be lucky to find some pillows from the brand. My Pillow is still making pillows even in the face of its current troubles.
How Many Years Does My Pillow Last?
A quality pillow is important for sound sleep, but it doesn’t last forever. Pillows made from different materials have varying lifespans. While the general guideline is to replace your pillow every one to two years, some like latex pillows can offer support up to five years, providing longevity in comfort and support.
So, how long does My Pillow last? There is no definite duration to pin down on. However, the brand is known for its high-quality and durable pillows. So, if you are thinking of picking a pillow from the brand, you can be sure to enjoy it long enough.
Why is Walmart Removing MyPillow?
Walmart, along with other retailers, has removed My Pillow products from its shelves, a decision intertwined with everything that is presently happening with the company and its CEO.
The refusal of Lindell to retract his statements and his continual push of unfounded conspiracy theories has led to a domino effect, causing retailers to dissociate from the brand to avoid controversy.
Is My Pillow Going Out of Business – Final Note
Is My Pillow going out of business? While no definitive answer is coming from the corridors of the company’s uncertain future, the combination of legal, financial, and reputational crisis certainly paints a grim picture.
Lindell’s staunch beliefs and ongoing battles have left a toll on the company, significantly impacting its stability and sustainability. In the face of this present turmoil, only time will tell the fate of My Pillow. Will it sail through the storm or sink amidst the waves of controversy and financial distress? Let’s just keep our fingers crossed!