Funko Announces They Might Be Going Away for Good
We may finally be free from the scourge of Funko Pops!
Published 1 month ago in Ftw
The collectible market has exploded in recent years. Specifically, it’s exploded with stupid-looking, massive-headed monsters that bear only a vague resemblance to pop culture characters.
These are called Funko Pops, and much like the Beanie Babies of yore, they’ve become a hot commodity among collectors who keep them pristine in-box, hoping that someday someone will pay thousands for a plastic Pickle Rick.
Now, those days of scarcity may actually be upon us. That’s because Funko, the creators of these horrid abominations, stated in an SEC filing that “There is substantial doubt about our ability to continue as a going concern.”
The reason? It turns out that expecting people to buy plastic figures of every single pop culture character, big or small, isn’t actually the best business model. The company lost $41 million in Q2, and, while losses were significantly smaller in Q3, they say they’re considering “strategic alternatives” for the future of the company.
My advice? Just shutter the place and throw the remaining dolls in the bin.