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
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.
threaded - newest
archive.is/cfvEz
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.
Oh thank Christ I can start using my Roomba again and not sell it.
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.