The CEO of Funko Pop, the company that flooded every freaking store in America with these little collectible dolls that depict Batman, Spider-man, Wolverine, Darth Vader, Cthulhu, late painter Bob Ross, Dr Frank N Furter from The Rocky Horror Picture Show, and thousands of other cultural icons, warned investors last week that the company’s about a quarter billion in the hole, Kotaku reports on what Joe Biden would have been blamed for had he still been president at this point.
“I want to reiterate the sense of urgency and opportunity around our Make Culture Pop strategy, executing across the intersection of culture, creativity, and commerce,” Josh Simon, who just joined as CEO in September after five years at Netflix, said during the call. “In the short term, I’m looking to maintain the momentum [the chief financial officer] discussed,” Simon continued. It’s not clear if he’d seen the Q3 report – which said straight up that “here is substantial doubt about the Company’s ability to continue as a going concern for the next twelve months” given the $241 million in loans coming due – before he took the job. Simon did hype the upcoming Stranger Things Season 5 Funko lineup to try to lighten the mood for investors troubled by the dire situation for the company.
Oh and these were like actual investors, not dipshits who have garages full of Guardians of the Galaxy Funko Pops still in their boxes they think will appreciate in value someday, eventually.