Uploaded March 2021 | Updated September 2026, 5 days ago
On March 12th Cricut announced that they will be charging users a subscription fee to use their already-purchased products, to the outrage of cosplayers, sewers, and crafters everywhere. And we did a BUNCH of digging into their IPO and SEC financial reports.
On March 16th, they partially rolled it back.
This video is a deep dive into what changed, why we think Cricut did it, and what we think this means for the future of hobbyists and their relationships with crafting corporations.
Timestamps
0:00 Introduction
0:21 March 12 Updates
3:46 Cricut's financial status
4:34 Sleuthing out the IPO and SEC report
7:38 Cricut's community
8:45 March 16 Updates
11:11 Takeaways, Alternatives, & Actions
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Like this style of video? Let us know what you want to see next!
More of our cosplay: cowbuttcrunchiescosplay.com/
The Art of Extreme Wig Styling book/e-book: cowbuttcrunchies.ecwid.com/
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Sources:
SEC Filings sec.gov/Archives/edgar/data/1828962/000156459021006015/crct-s1.htm
Make The Cut Settles Cricut Software Lawsuit With Provo Craft nallystudios.com/blog/2011/03/11/make-the-cut-settles-cricut-software-lawsuit-with-provo-craft
Crafting machine maker Cricut sets terms for $322 million IPO nasdaq.com/articles/crafting-machine-maker-cricut-sets-terms-for-%24322-million-ipo-2021-03-16
On March 12th Cricut announced that they will be charging users a subscription fee to use their already-purchased products, to the outrage of cosplayers, sewers, and crafters everywhere. And we did a BUNCH of digging into their IPO and SEC financial reports.
On March 16th, they partially rolled it back.
This video is a deep dive into what changed, why we think Cricut did it, and what we think this means for the future of hobbyists and their relationships with crafting corporations.
Timestamps
0:00 Introduction
0:21 March 12 Updates
3:46 Cricut's financial status
4:34 Sleuthing out the IPO and SEC report
7:38 Cricut's community
8:45 March 16 Updates
11:11 Takeaways, Alternatives, & Actions
---
Like this style of video? Let us know what you want to see next!
More of our cosplay: cowbuttcrunchiescosplay.com/
The Art of Extreme Wig Styling book/e-book: cowbuttcrunchies.ecwid.com/
--
Sources:
SEC Filings sec.gov/Archives/edgar/data/1828962/000156459021006015/crct-s1.htm
Make The Cut Settles Cricut Software Lawsuit With Provo Craft nallystudios.com/blog/2011/03/11/make-the-cut-settles-cricut-software-lawsuit-with-provo-craft
Crafting machine maker Cricut sets terms for $322 million IPO nasdaq.com/articles/crafting-machine-maker-cricut-sets-terms-for-%24322-million-ipo-2021-03-16
