this post was submitted on 12 Mar 2025
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iRobot is likely to collapse within 12 months. (www.theregister.com)
submitted 16 hours ago by Tea@programming.dev to c/technology@lemmy.world
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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.

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[–] 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.