Did My Pillow Guy Go Out Of Business

So, you’ve been scrolling through the news, trying to figure out if the big, fluffy question of our time has been answered: Did My Pillow Guy—the one and only Mike Lindell—actually go out of business? Grab your coffee (or a stiff drink), because the answer is both simpler and weirder than you think. No, My Pillow hasn’t vanished into the great comforter graveyard in the sky. But yes, the company has been taking more financial beatings than a feather pillow in a championship pillow fight.

Let’s start with the short version: My Pillow, Inc. is still technically in business, but it’s been clinging to life like a cat on a curtain rod during an earthquake. The company has been hammered by lawsuits, lost retail deals, and a massive drop in sales after Mike decided to go full-time into election conspiracy theories instead of just selling pillows. It’s like finding out your favorite barista suddenly only wants to discuss the moon landing with you—awkward and bad for business.

The Empire of Firmness Meets the Reality of Soft Sales

Remember when My Pillow was everywhere? It was the GrubHub of pillows—relentless infomercials, a smiling Mike, and that creepy “scientific” foam demonstration. At its peak, the company was worth an estimated $300 million. Now? Well, let’s just say Mike has had to borrow money from friends and even pulled cash from his 401(k) just to pay legal bills. That’s like selling your favorite hoodie to pay for a parking ticket—you can do it, but it stings.

In 2023, My Pillow lost a major contract with Bed Bath & Beyond (RIP) and got dropped by major retailers like Wayfair and Kohl’s. These weren’t just bad business moves; they were business dumpster fires. Imagine being the only pillow left at a slumber party—nobody wants to be that pillow.

The $5 Million “Prove Me Wrong” Challenge (Spoiler: It Didn’t Help)

This is where the story gets extra juicy. Mike famously offered a $5 million reward to anyone who could prove his election claims were wrong. He ended up getting sued, lost the challenge, and still had to pay his own lawyers. It’s like challenging a shark to a swimming race, losing, and then being mad the ocean was too wet. The result? A court slapped him with a $5 million judgment in 2023, which he couldn’t pay. Oops.

My Pillow 2.0 TV Spot, 'Sleeping Well' - iSpot

But wait, there’s more! Mike then tried to sell shares of the company to the public through a “digital dividend” thingy that regulators shut down faster than a sneeze at a silent auction. The SEC was not amused. It was like watching a guy try to sell you a bridge, but the bridge was made of foam, and it had a one-star review for “not being sturdy enough.”

So, Is the Company Dead? Not Quite, But It’s on Life Support

Here’s the surprising truth: My Pillow still makes millions in revenue, mostly from die-hard fans and a shockingly loyal customer base. Mike still has a warehouse full of pillows and a very active online store. In fact, as of early 2024, the company was still shipping products—including his new line of My Pillow-branded water filters. Yes, water filters. Because nothing says “clean drinking water” like a man who argues about Dominion voting machines on cable news.

The "My Pillow" Guy, Really? - YouTube

Financially, though, the company is a shadow of its former self. Court filings from 2023 showed My Pillow owed creditors over $100 million. That’s not “we’re fine” money. That’s “we’re using the office couch as a pillow because we can’t afford hotel rooms” money. Mike himself has admitted the company is under “tremendous stress” and that he’s been selling off real estate to stay afloat. It’s like watching a guy sell his Lego collection to buy milk—admirable, but tragic.

The Pillow Empire Has Not Been Declared Dead (Yet)

Despite the chaos, My Pillow has not officially filed for bankruptcy. Mike has repeatedly said, “We’re not going out of business,” and technically, he’s right—for now. But the company has laid off dozens of workers, canceled factory expansions, and moved production to a smaller facility. It’s like a once-booming restaurant that now serves lukewarm soup from a food truck. You can still get soup, but the ambiance is… questionable.

In Effort To Appeal To Socialists, Mike Lindell Introduces ‘OurPillow

Here’s a wild stat: In 2020, My Pillow had over 3,000 employees. Today, that number is around 500. That’s not a downsizing; that’s a shrinkage. The kind of shrinkage your favorite sweater goes through in the dryer, if that sweater was also a political lightning rod.

The Final Fluff: What’s Really Happening?

So, did My Pillow Guy go out of business? Not formally. But he’s running a company that’s more like a zombie—shuffling along, occasionally groaning, and still trying to sell you something you probably don’t need. Mike Lindell has become a cautionary tale: Don’t turn your entire business into a political campaign, especially if your product is just a rectangle of foam. It’s like being a famous chef who suddenly starts arguing about UFOs instead of making omelets—fast way to lose hungry customers.

The next time you see a My Pillow commercial, remember: You’re watching a man who once said he was “the greatest businessman in the world” now fighting to keep the lights on. Whether you think he’s a hero, a con artist, or just a guy who really, really likes pillows, one thing is for sure: He’s still in business, but just barely. And honestly? That’s the most American story you’ll hear all day.