this post was submitted on 12 Mar 2025
411 points (99.3% liked)

Technology

66231 readers
5340 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
411
iRobot is likely to collapse within 12 months. (www.theregister.com)
submitted 16 hours ago by Tea@programming.dev to c/technology@lemmy.world
92 comments fedilink hide all child comments
 

Troubled robot vacuum-cleaner maker iRobot, abandoned by Amazon after regulators effectively doomed the web giant's takeover offer, has warned investors it may not survive the next 12 months.

you are viewing a single comment's thread
view the rest of the comments
[–] sunzu2@thebrainbin.org 148 points 16 hours ago (5 children)

Hmm so this entire trick of setting up companies just to be bought by mega corps appears to be not a viable strategy if anti trust law is enforced?

Hmm as if last 30 years of corpo behavior has been essentially to maintain mega corp dominance via captured regulators and legislators

We got the capitalism alright but where is the free market at, daddy?

[–] Glitchvid@lemmy.world 76 points 16 hours ago (2 children)

Don't worry, the new strategy is to string a company along with talks of a buyout, then when their cash runs out and they declare bankruptcy, to buy all the assets on fire sale.

[–] sunzu2@thebrainbin.org 21 points 16 hours ago

Owners of the take over target shoulda worked harder and maybe ate less avocado toast?

[–] scarabic@lemmy.world 38 points 12 hours ago

setting up companies just to be bought by mega corps

iRobot was originally founded all the way back in 1990 and have sold quite a lot of Roomba vacuums, advancing innovation in home automation along the way. I don’t think anyone can ever say that they set up this company for a quick flip corpo pump and dump.

[–] upandup@sh.itjust.works 10 points 15 hours ago (1 children)

The market is “free” to fuck you and everyone you know on the ass.

Didn’t you know that’s what “free market“ means?

[–] Bellingdog@lemmy.world 8 points 15 hours ago (1 children)

I do, in fact, dislike being fucked on the ass.

[–] upandup@sh.itjust.works 6 points 15 hours ago (1 children)

I like it, myself, but not when it’s a major global multi billion dollar corporation doing it.

[–] sunzu2@thebrainbin.org 8 points 15 hours ago (1 children)

The operative word here is consent haha

[–] upandup@sh.itjust.works 3 points 14 hours ago (1 children)

That is always the operative word. Except for those who don’t can’t and will never accept that that word exists.

[–] sunzu2@thebrainbin.org 3 points 14 hours ago (1 children)

Parasite class and their legal persons sure do have a rapist culture as their MO

[–] upandup@sh.itjust.works 4 points 14 hours ago

It’s not capitalism without exploitation.

[–] umbrella@lemmy.ml 4 points 14 hours ago* (last edited 14 hours ago)

oh its free alright. for oligarchs to do whatever the fuck they want.

[–] gravitas_deficiency@sh.itjust.works 3 points 15 hours ago

You just gotta be big enough that you can buy enough people. FAANG is there (though this is Wild West politics nowadays so who the fuck knows what’s gonna happen). But when you own the people writing the laws to control you… they’re not controlling you.