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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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.
