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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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[–] FrankFrankson@lemmy.world 21 points 4 months ago

Amazon doesn't need to absorb more companies. Amazon needs to be broken the fuck up.

[–] hateisreality@lemmy.world 18 points 4 months ago (1 children)

Was this article written by Bezos?

[–] murmelade@lemmy.ml 10 points 4 months ago (1 children)

Yes.

[–] hateisreality@lemmy.world 7 points 4 months ago

If you're worth 1.6 billion but need to be purchased, you're not worth anything

[–] resipsaloquitur@lemmy.world 8 points 4 months ago (1 children)

Bwahaha, “Reason.”

Some how it’s Liz’s fault iRobot couldn’t make money.

[–] AllNewTypeFace@leminal.space 7 points 4 months ago

Hopefully someone will jailbreak the Roomba before they turn the servers off

[–] njm1314@lemmy.world 3 points 4 months ago

Good job Elizabeth.

[–] LodeMike@lemmy.today 3 points 4 months ago

Pog

[–] 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.