Amazon and iRobot said regulatory concerns made it impossible for the deal to move forward, sending the Roomba makers' shares plummeting.

Amazon terminates iRobot deal, Roomba maker to lay off 31% of staff::Amazon and iRobot said regulatory concerns made it impossible for the deal to move forward, sending the Roomba makers’ shares plummeting.

  • Avid AmoebaEnglish
    452·
    10 months ago

    Good news for us Roomba users, not so good news for employees. 😑

    • Ghostalmedia@lemmy.worldEnglish
      172·
      10 months ago

      I don’t know if this actually good for Roomba users. Selling to Amazon, and maintaining the status quo are both bad for the user.

      This isn’t a healthy company. It’s a busted company that Amazon was looking to salvage or rehabilitate.

      • Avid AmoebaEnglish
        261·
        10 months ago

        Is it a busted company? I quickly found data for 2009-2022 and they’ve registered profit for every year till 2022 when they had their first loss. They’ve been around since the 90s.

        • Patches@sh.itjust.worksEnglish
          152·
          10 months ago

          every year till 2022 when they had their first loss

          Numbers must always go up. Never down.

          Especially when interest rates quadrupled.