Mike Lindell Says MyPillow Forced To Auction Off Equipment Due to 'Massive, Massive Cancellation' By Major Retailers

Minnesota-based manufacturing company MyPillow is facing significant challenges as it auctions off equipment and subleases manufacturing spaces due to what its founder and CEO, Mike Lindell, describes as a “massive, massive cancellation.”

The cancellation, as Lindell explained in an interview with the Star Tribune, has resulted in a staggering loss of $100 million for MyPillow.

The cancellation was initiated by major retailers, including Walmart, Bed Bath & Beyond, and Kohl’s, who decided to remove MyPillow products from their shelves.

This move was in response to Lindell’s persistent claims that the 2020 presidential election was stolen from former President Trump.

To address the financial impact caused by the cancellations, MyPillow has turned to the website K-BID Online Auctions to sell off a wide range of equipment, such as forklifts, conveyor belts, printers, electronics, and commercial supplies.

More Lies About MyPillow In The Media Today. To Watch The Full Video, Click Here. https://t.co/rE3i3tN4ZR @TheRealFrankSp1 @MyPillowUSA pic.twitter.com/pVKjRKrVbr

— Mike Lindell (@realMikeLindell) July 11, 2023

Despite the auction, Lindell reassured that he can replace any sold items if the retailers were to resume their business with MyPillow.

Moreover, MyPillow has resorted to subleasing some of its manufacturing spaces in Shakopee, Minnesota.

Will MyPillow survive as a viable business?

Lindell explained that the company’s requirements for direct sales differ from those needed when working with retailers.

He expressed that the company doesn’t currently need the manufacturing spaces that were affected by the cancellations, but they would be available if the retailers were to reinstate their partnership.

The loss of a substantial portion of revenue has certainly impacted MyPillow, as Lindell highlighted, saying, “It affected a lot of things when you lose that big of a chunk [of revenue].”

In addition to the retail cancellations, Lindell is now facing a $1.3 billion defamation lawsuit from Dominion Voting Systems.

Dominion claims that Lindell’s allegations of fraud, election rigging, and conspiracy have damaged the company’s brand.

Mike Lindell has begun attempting to sell MyPillow warehouse equipment as his financial losses stack up. pic.twitter.com/30DAwStBeU

— Zachary Petrizzo (@ZTPetrizzo) July 11, 2023

Earlier this year, Lindell was also ordered to pay $5 million to a software developer, Robert Zeidman, who successfully refuted Lindell’s election fraud claims.

However, Lindell refused to pay and filed a motion to have the ruling overturned.

Zeidman responded by filing a petition in a federal court in Minnesota to enforce the payment of the $5 million, plus 10 percent interest per year until it is paid.

To overturn the award, the court would need to determine if the arbitration panel had committed misconduct, exceeded its powers, or if the process was corrupt, according to reports from The Washington Post.

These recent developments have presented considerable challenges for MyPillow, both financially and legally.

The company’s auctioning of equipment and subleasing of manufacturing spaces reflect the magnitude of the impact caused by the cancellations, while the ongoing legal battles further complicate the situation.

MyPillow’s founder and CEO, Mike Lindell, remains determined to navigate through these obstacles, expressing confidence that the company can adapt to changing circumstances.

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