Amazon Drops $1.4 Billion iRobot Deal; Vacuum Maker Cuts Jobs (www.bloomberg.com)
from L4s@lemmy.world to technology@lemmy.world on 30 Jan 2024 14:00
https://lemmy.world/post/11368592

Amazon Drops $1.4 Billion iRobot Deal; Vacuum Maker Cuts Jobs::Amazon.com Inc. has abandoned its planned $1.4 billion acquisition of Roomba maker iRobot Corp. after clashing with European Union regulators who had threatened to block the deal.

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OsrsNeedsF2P@lemmy.ml on 30 Jan 2024 14:09 next collapse

archive.is/cfvEz

AllonzeeLV@lemmy.world on 30 Jan 2024 15:08 next collapse

Their business was to to make robotic cleaners, not to get swallowed by a conglomerate. Like so many other businesses and entire economic sectors, it’s more important to increase short term profit through economic schemes than by delivering a product or service, and the customers and employees suffer for it.

Market Capitalism is eating itself.

EvilBit@lemmy.world on 30 Jan 2024 16:57 collapse

Oh thank Christ I can start using my Roomba again and not sell it.

Dremor@lemmy.world on 30 Jan 2024 17:17 collapse

And for me buying one. I postponed replacing my half dead Neato because of that. I don’t want Amazon mapping my living room to analyze what it could sell me.