MyPillow is a popular company whose owner has garnered consistent news coverage over the past few years.
Investors from all over are wondering if they can capitalize on the company’s name recognition and recent news spotlight by buying shares of MyPillow stock.
After MyPillow’s first appearance on QVC, the company sold tons of pillows, eventually breaking away from the television shopping network and appearing in some of the most popular department stores.
But can you buy stocks in the MyPillow?
Read on to learn more information about the company, whether you can buy My Pillow stock, and competitors worth investing in.
Can You Buy My Pillow Stock: About the Company and CEO
Though MyPillow is all over the media, it’s not exactly in the most positive light.
MyPillow has been through a lot of ups and downs since its first appearance in the market.
It was thought to revolutionize pillows as we know them, adjusting to every individual and giving them the most proper cushion for their head and neck as they catch some sleep.
While initial coverage of My Pillow had to deal with the product, the current coverage is centered around the founder’s relationship with former President Donald Trump and his comments about election fraud.
With the current political climate in the U.S., a lot of companies are distancing themselves from the product, though there has been a lot of talk about the stock.
Who Owns My Pillow?
MyPillow was created and is owned by Mike Lindell.
More on Mike Lindell Founder and CEO
While most other founders are known for their product, Mike Lindell is known for many other things, including his affiliation with the republican party.
When Donald Trump was elected as the 45th president of the U.S., Mike Lindell served as an advisor and political activist for the administration.
His current political views have gotten him and his company a lot of attention, though it’s not in the most positive manner.
Mike Lindell, Minnesota, MyPillow, and Election Fraud
Lindell developed MyPillow back in 2004, coming out with a bang due to his fun commercials.
The product blew up in Minnesota, reaching a global level shortly after.
The company and Lindell are no stranger to criticism, even early on.
This year, the company is facing a lot of criticism due to the owner and founder’s public appearances and social media comments about the 2020 elections and election fraud.
Founder and CEO Mike Lindell claimed that he believed that the election was manipulated, speaking out on Fox News and other outlets.
He spoke out in support of former president Trump as they fought to repeal the 2020 presidential election results.
This has sparked rumors on social media and other platforms about what this controversy means for MyPillow in the long run.
MyPillow in Social Media
The My Pillow CEO has been swarmed by controversy over the last year, especially for what Lindell said on social media as well as various news outlets.
The controversy escalated when the January 6th insurrection happened at the U.S. capitol.
Trump and Lindell, along with many others, were largely blamed for what occurred because the media believed their claims about the illegitimacy of the election stoked the flames and acted as a catalyst for January 6th.
From Manufacturing Pillows to Building a Social Media Platform
In 2021, Lindell announced that he would start his own form of social media to compete with companies like Twitter and Youtube so everyone could have a voice online.
Though, the site is not functioning well, and it’s not certain how many followers he’ll actually have once all is said and done.
Whether the free-to-use website grows to compete with social media giants, like Twitter, Youtube, Facebook, and others, remains to be seen.
Claims Challenged, Liddell Banned from Social Media
Mike Lindell was also permanently banned from Twitter recently
Can I Buy MyPillow Stock?
MyPillow is a private company, so My pillow stock cannot be publicly traded on the stock market.
There is no news on whether the company will go public, so no one knows when investors will be able to start buying and selling stock in MyPillow.
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Though, it’s important to note that there are rumors that the company may be planning to go public soon, but this is mostly speculation.
While there’s a chance that the company will one day become public, it’s not on the menu right now.
Controversy aside, CEO Mike Lindell has proven to be a successful businessman, so the Minnesota-made company might want to keep things as they are for now.
MyPillow Stock Symbol
MyPillow is not a publicly traded company, so it does not have a stock symbol.
Most of their investments have been through private individuals and investment groups, which are closed to the public.
Lindell recently named his son as the chief of operations, stirring rumors that the current status of the company may change.
Why Is My Pillow So Successful?
MyPillow has been around since 2004 but wasn’t always the popular pillow company it is today.
Although there were advertisements, commercials, and campaigns, it wasn’t until a 2011 infomercial that the pillow company really took off.
The increased visibility of the MyPillow product is one of the many reasons why the company shot to success, becoming one of the most sought-after pillows in the U.S.
Since the infomercial first aired, the company has claimed to sell more than 30 million pillows.
Another contributor to MyPillow’s success is the fact that all of the materials are said to be produced in the U.S.
Over the years, American-made products have increased in popularity among American buyers, especially with the status of the U.S. slipping due to trade powerhouses like China and Russia.
Should I Buy MyPillow Stock if the Company Goes Public?
Due to its success throughout the years, MyPillow has always been a company that many have looked to for investing.
It wasn’t always successful, but after Lindell’s investment in an infomercial, the company seemed to blow up overnight.
That’s when interest in investing seemed to skyrocket, though the company chose to stay private and not go public.
While the company had been declining in popularity over the years, it stayed at a small and steady roll until the last four years when Lindell started to associate himself with the republican party.
A Company and CEO Mired in Controversy
His history with Trump and what Lindell said about the legitimacy of the 2020 presidential elections got him a lot of negative media exposure, leading to several department stores dropping MyPillow products.
One of the largest was Kohls pulling the MyPillow off of their shelves.
Though this would be detrimental for many companies, MyPillow claimed that they were not affected by those who chose to drop them and have continued to collect revenue and increase sales.
While it’s not certain if that is true, there are many out there who are interested in the stock, seeing it as a money maker with all of the current media exposure.
Buying MyPillow Stock
While you can’t buy My Pillow stock right now, some competitors are publicly traded so you can buy into their stocks today.
If you believe that the company’s success can outpace its controversial history, MyPillow stock may be a solid investment in the future.
My Pillow Competitors to Invest in
MyPillow is not publicly traded and cannot be bought, sold, or traded at the moment.
Still, if you’re looking for some companies like them to invest in, you can take a look at their competitors.
There are lots of companies out there that have pillows, some of which are speculated to increase in sales after Lindell’s political affiliations.
Here are our top picks for MyPillow competitors.
Tempur Sealy International Inc. (NYSE: TPX)
Tempur Sealy is a reputable mattress and pillow company that has been around for years.
Its stocks pay out dividends and have a yield of .81%.
Back in 2020, the stock dipped to its lowest point, but it has been back on the incline since.
Those who invested at the lowest point have made a substantial amount, though the stock is sure to even back out eventually.
It’s a great long-term investment that is an alternative to MyPillow.
Currently, you can buy and sell this company’s stock for $46 a share.
Sleep Number Corporation (NASDAQ: SNBR)
Sleep Number also hit an all-time low early on in 2020.
Over the last 5 years, its stocks have been steadily increasing in value, giving those who invested in the company the opportunity to grow over time.
Now that the economy is on the rise, Sleep Number is starting to climb back up and looks promising for the long run.
It is a great alternative to MyPillow and is backed by years of success.
Currently, you can buy and sell this company’s stock for $93 a share.
Can You Buy My Pillow Stock: Final Words
MyPillow is in the news and across social media outlets along with founder and CEO Mike Lindell.
While exposure gets the company on the map, much of the negative exposure is part of the reason why many are hesitant to associate themselves — with the company, with many dropping the product from their shelves.
At the moment, MyPillow is not publicly traded, so it’s not available for trade on the stock market.
While there are a lot of rumors and some speculation about a future MyPillow IPO, the stock may not go public and choose to stay private.
In any case, several other powerful stocks compete with MyPillow, with some big names like Tempur Sealy and Sleep Number.
If you’re looking to diversify your portfolio and add some stocks with pillow manufacturers, you can do so, especially now that many department stores may be looking to fill in the spots left behind by MyPillow.
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