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iRobot faces bankruptcy after Elizabeth Warren helped kill $1.65 billion Amazon merger (reason.com)

submitted 4 months ago by Amoxtli@thelemmy.club to c/economy@lemmy.world

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[–] brucethemoose@lemmy.world 1 points 4 months ago* (last edited 4 months ago)

I’m with the article here.

iRobot staying alive would be better than it dying from a financial death spiral. After all, who did all their competition get funded by?

Chinese tech giants (like Xiamoi for Roborock), or as OEMs for other huge companies.

Mergers and acquisitions aren’t always bad for the consumer, if it keeps options alive. Even with the obvious conflict of interests on Amazon, which it mentions, it seems pretty clear they overestimated iRobot, and consolidated the market as a consequence.