Uh-oh! Now how is he going to pay his many lawsuits? His $5M to the guy who proved Lindell's math wrong or the up coming Dominion lawsuit?
MyPillow is auctioning off hundreds of pieces of equipment and subleasing manufacturing space after several shopping networks and major retailers took the company's products off shelves.
The Chaska-based manufacturer recently listed more than 850 "surplus equipment" items on the online auction site K-Bid. Sewing machines, industrial fabric spreaders, forklifts and even desks and chairs are up for auction.
Founder and CEO Mike Lindell said MyPillow has experienced a loss in revenue and the items are no longer needed as the company consolidates its operations. Major retailers such as Walmart, Bed Bath & Beyond and Slumberland Furniture all said they will no longer sell MyPillow products as Lindell continues to falsely claim that the 2020 election was stolen from former President Donald Trump.
"It was a massive, massive cancellation," Lindell said in a phone interview Monday. "We lost $100 million from attacks by the box stores, the shopping networks, the shopping channels, all of them did cancel culture on us."
In April, an arbitration panel ruled that Lindell needed to pay $5 million to a software forensics expert who disproved several of his election claims in a "Prove Mike Wrong" contest. Lindell has challenged that ruling, calling it "frivolous."
"The $5 million is the lowest one," he said. "I will be vindicated in every single one."
The auction does not appear related to the $1.3 billion defamation lawsuit targeting both Lindell and MyPillow, which is ongoing in federal court.
MyPillow is auctioning off equipment after losing retailers
CEO Mike Lindell says annual sales fell $100 million after several big-box retailers cut ties following his election claims.
www.startribune.com
MyPillow is auctioning off hundreds of pieces of equipment and subleasing manufacturing space after several shopping networks and major retailers took the company's products off shelves.
The Chaska-based manufacturer recently listed more than 850 "surplus equipment" items on the online auction site K-Bid. Sewing machines, industrial fabric spreaders, forklifts and even desks and chairs are up for auction.
Founder and CEO Mike Lindell said MyPillow has experienced a loss in revenue and the items are no longer needed as the company consolidates its operations. Major retailers such as Walmart, Bed Bath & Beyond and Slumberland Furniture all said they will no longer sell MyPillow products as Lindell continues to falsely claim that the 2020 election was stolen from former President Donald Trump.
"It was a massive, massive cancellation," Lindell said in a phone interview Monday. "We lost $100 million from attacks by the box stores, the shopping networks, the shopping channels, all of them did cancel culture on us."
In April, an arbitration panel ruled that Lindell needed to pay $5 million to a software forensics expert who disproved several of his election claims in a "Prove Mike Wrong" contest. Lindell has challenged that ruling, calling it "frivolous."
"The $5 million is the lowest one," he said. "I will be vindicated in every single one."
The auction does not appear related to the $1.3 billion defamation lawsuit targeting both Lindell and MyPillow, which is ongoing in federal court.