Image: BusinessWest/the DONUT
Smart home company Insteon appears to have vanished without warning last week. All of its products haven’t worked since April 14th, its help forums are offline, its phone is disconnected, and it hasn’t responded to questions from customers or the press. By the end of the weekend, its execs had also scrubbed their LinkedIn profiles of any mention of the company.
It seems that someplace, somewhere, Insteon and the dodo are meeting for the first time.
📱🏠 A deeper dive… The smart home company produced a variety of Internet-connected lights, thermostats, plugs, sensors, and the Insteon Hub (which would bridge all your gear to the Internet and enable use of the Insteon app).
🤔 What’s next?... No one really knows. Insteon is owned by another company called Smartlabs, which was purchased by Richmond Capital Partners in 2017. Following the acquisition, the founder of Richmond Capital Partners, Rob Lilleness, was installed as CEO (one interesting thing: the blog post announcing the deal has been scrubbed from the website, but you can see it here).
🐦💰 Elon Musk, the Technoking of Tesla, made an unsolicited ~$43 billion offer on Friday to buy Twitter (and install himself as Tweetlord).
📈 …yep, it’s still high. Inflation rose 8.5% in the year through March, per Labor Department figures released yesterday, its fastest annual pace since December 1981.
↩️ 📦 We’ve all gone through the process at least once. And retailers are like our grad-school friends – they’ve gone through the process a lot. In fact, retailers expect more than $761 billion in merchandise sold last year to be returned by consumers, per a recent industry report.
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