I love these. I have an old model (that you can’t buy anymore, grrr!) that is meatier in build, and it’s held up for about 25-30 years of abuse.
I call them flippity-flop pliers, because they’re fun to fiddle with while you’re thinking about the next step in your project.
Even though these are less rugged, I’ve still given them as gifts, and they hold up. Not advocating this brand in particular, but all the knockoffs seem to use the same base tool build.
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I have to admit that I’ve never seen these before!
The engineering thought would be concerned about durability, since all the strength is in sheer force against the two pins on the opposite side.
The cheapskate thought would just be “uh, why not just buy two regular pliers instead?”